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GMC posts net income of JD0.36 million in Q1 2019

2019-04-30

According to the financial statements of the Golden Wheat Mills Company GMC for the 1st Quarter of 2019, Net profit after tax of the period reached 359,874 JD Compared with Net profit after tax 170,164 JD for 2018, a net increase in profit of 111.49%.Total assets of the company reached 19,646,388 JD compared with total assets of 20,757,051 JD at the end of year 2018, a net decrease of 5.35%.Total liabilities of the company reached 3,318,156 JD compared with total liabilities of 4,760,353 JD at the end of year 2018, a net decrease of 30.29%. Net ownership equity of the company reached 16,328,232 JD (Including Non-Controlling Interests of -24,500 JD) compared with total owner equity of 15,996,698 JD (Including Non-Controlling Interests of -24,500 JD) at the end of year 2018, a net increase of 2.07%.