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ELECTRODE posts net income of JD0.03 million in 9M 2019

2019-10-31

According to the financial statements of Al-Shark Electrode Company ELECTRODE for the first nine months of 2019, Net profit after tax of the period reached 28,219 JD Compared with Net profit after tax 101,957 JD for 2018, a net decrease in profit of 72.32%.Total assets of the company reached 3,207,435 JD compared with total assets of 3,271,410 JD at the end of year 2018, a net decrease of 1.96%.Total liabilities of the company reached 315,891 JD compared with total liabilities of 298,847 JD at the end of year 2018, a net increase of 5.70%. Net ownership equity of the company reached 2,891,544 JD compared with total owner equity of 2,972,563 JD at the end of year 2018, a net decrease of 2.73%.