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APC posts net income of JD0.12 million in Q1 2023

2023-05-14

According to the financial statements of the Arab Company for Paints Products APC for the 1st Quarter of 2023, Net profit after tax of the period reached 115,477 JD Compared with Net profit after tax 259,566 JD for 2022, a net decrease in profit of 55.51%.Total assets of the company reached 6,572,420 JD compared with total assets of 6,979,112 JD at the end of year 2022, a net decrease of 5.83%.Total liabilities of the company reached 1,888,649 JD compared with total liabilities of 2,021,344 JD at the end of year 2022, a net decrease of 6.56%. Net ownership equity of the company reached 4,683,771 JD compared with total owner equity of 4,957,768 JD at the end of year 2022, a net decrease of 5.53%.