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GMC posts net income of JD0.57 million in 9M 2019

2019-10-31

According to the financial statements of the Golden Wheat Mills Company GMC for the first nine months of 2019, Net profit after tax of the period reached 568,959 JD Compared with Net profit after tax 132,855 JD for 2018, a net increase in profit of 328.26%.Total assets of the company reached 21,140,230 JD compared with total assets of 20,757,051 JD at the end of year 2018, a net increase of 1.85%.Total liabilities of the company reached 4,591,400 JD compared with total liabilities of 4,760,353 JD at the end of year 2018, a net decrease of 3.54%. Net ownership equity of the company reached 16,548,830 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 3.45%.