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APC posts net income of JD0.49 million in 9M 2020

2020-10-14

According to the financial statements of the Arab company For Paints Products APC for the first nine months of 2020, Net profit after tax of the period reached 491,216 JD Compared with Net profit after tax 665,402 JD for 2019, a net decrease in profit of 26.18%.Total assets of the company reached 6,924,369 JD compared with total assets of 6,671,990 JD at the end of year 2019, a net increase of 3.78%.Total liabilities of the company reached 2,403,242 JD compared with total liabilities of 2,001,817 JD at the end of year 2019, a net increase of 20.05%. Net ownership equity of the company reached 4,521,127 JD compared with total owner equity of 4,670,173 JD at the end of year 2019, a net decrease of 3.19%.