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ELECTRODE realizes net loss of JD0.02 million in H1 2020

2020-08-31

According to the financial statements of Al-shark Electrode Company ELECTRONE for the first half of 2020, Net Loss after tax of the period reached (20,912) JD Compared with Net profit after tax 21,655 JD for 2019.Total assets of the company reached 3,158,554 JD compared with total assets of 3,298,298 JD at the end of year 2019, a net decrease of 4.24%.Total liabilities of the company reached 333,834 JD compared with total liabilities of 436,934 JD at the end of year 2019, a net decrease of 23.59%. Net ownership equity of the company reached 2,824,720 JD compared with total owner equity of 2,861,364 JD at the end of year 2019, a net decrease of 1.28%.