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VOIC posts net income of JD6.23 million in 2020

2021-02-15

According to the financial statements of the Vegetable Oil Industries Company VOIC for the year 2020, Net profit after tax of the period reached 6,232,113 JD Compared with Net profit after tax 6,543,699 JD for 2019, a net decrease in profit of 4.76%.Total assets of the company reached 50,195,528 JD compared with total assets of 51,018,946 JD at the end of year 2019, a net decrease of 1.61%.Total liabilities of the company reached 8,924,208 JD compared with total liabilities of 12,292,681 JD at the end of year 2019, a net decrease of 27.40%. Net ownership equity of the company reached 41,271,320 JD compared with total owner equity of 38,726,265 JD at the end of year 2019, a net increase of 6.57%.