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PALAQAR realizes net loss of JD0.29 million in 2022

2023-02-16

According to the financial statements of Palaqar for Real Estate Development & Management PALAQAR for the year 2022, Net Loss after tax of the period reached (293,286) JD Compared with Net profit after tax 22,416 JD for 2021.Total assets of the company reached 4,836,830 JD compared with total assets of 4,281,245 JD at the end of year 2021, a net increase of 12.98%.Total liabilities of the company reached 3,436,685 JD compared with total liabilities of 2,587,814 JD at the end of year 2021, a net increase of 32.80%. Net ownership equity of the company reached 1,400,145 JD compared with total owner equity of 1,693,431 JD at the end of year 2021, a net decrease of 17.32%.