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VOIC posts net income of JD1.71 million in H1 2020

2020-08-25

According to the financial statements of the Vegetable Oil Industries VOIC for the first half of 2020, Net profit after tax of the period reached 1,708,417 JD Compared with Net profit after tax 3,214,845 JD for 2019, a net decrease in profit of 46.86%.Total assets of the company reached 47,209,808 JD compared with total assets of 51,018,946 JD at the end of year 2019, a net decrease of 7.47%.Total liabilities of the company reached 12,525,669 JD compared with total liabilities of 12,292,681 JD at the end of year 2019, a net increase of 1.89%. Net ownership equity of the company reached 34,684,139 JD compared with total owner equity of 38,726,265 JD at the end of year 2019, a net decrease of 10.44%.