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ARAB posts net income of JD0.06 million in 9M 2020

2020-10-20

According to the financial statements of the Arab Investors Company ARAB for the first nine months of 2020, Net profit after tax of the period reached 55,652 JD Compared with Net profit after tax 42,828 JD for 2019, a net increase in profit of 29.94%.Total assets of the company reached 10,553,655 JD compared with total assets of 10,634,956 JD at the end of year 2019, a net decrease of 0.76%.Total liabilities of the company reached 89,278 JD compared with total liabilities of 129,275 JD at the end of year 2019, a net decrease of 30.93%. Net ownership equity of the company reached 10,464,377 JD compared with total owner equity of 10,505,681 JD at the end of year 2019, a net decrease of 0.39%.