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APC records net income of JD0.26 million in Q1 2022

2022-05-09

According to the financial statements of the Arab Company for Paints Products APC for the 1st Quarter of 2022, Net profit after tax of the period reached 259,566 JD Compared with Net profit after tax 200,200 JD for 2021, a net increase in profit of 29.65%.Total assets of the company reached 7,043,336 JD compared with total assets of 7,763,471 JD at the end of year 2021, a net decrease of 9.28%.Total liabilities of the company reached 2,176,640 JD compared with total liabilities of 2,049,821 JD at the end of year 2021, a net increase of 6.18%. Net ownership equity of the company reached 4,866,696 JD compared with total owner equity of 5,713,650 JD at the end of year 2021, a net decrease of 14.82%.