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APC posts net income of JD0.24 million in H1 2020

2020-08-16

According to the financial statements of the Arab Company for Paints Products APC for the first half of 2020, Net profit after tax of the period reached 242,487 JD Compared with Net profit after tax 419,040 JD for 2019, a net decrease in profit of 42.13%.Total assets of the company reached 6,491,070 JD compared with total assets of 6,671,990 JD at the end of year 2019, a net decrease of 2.71%.Total liabilities of the company reached 2,200,432 JD compared with total liabilities of 2,001,817 JD at the end of year 2019, a net increase of 9.92%. Net ownership equity of the company reached 4,290,638 JD compared with total owner equity of 4,670,173 JD at the end of year 2019, a net decrease of 8.13%.