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APC records net income of JD0.47 million in 9M 2022

2022-10-26

According to the financial statements of the Arab Company for Paints Products APC for the first nine months of 2022, Net profit after tax of the period reached 465,523 JD Compared with Net profit after tax 818,241 JD for 2021, a net decrease in profit of 43.11%.Total assets of the company reached 7,481,377 JD compared with total assets of 7,763,471 JD at the end of year 2021, a net decrease of 3.63%.Total liabilities of the company reached 2,676,210 JD compared with total liabilities of 2,049,821 JD at the end of year 2021, a net increase of 30.55%. Net ownership equity of the company reached 4,805,167 JD compared with total owner equity of 5,713,650 JD at the end of year 2021, a net decrease of 15.90%.