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ARAB posts net income of JD0.03 million in Q1 2023

2023-05-14

According to the financial statements of the Arab Investors’ Company ARAB for the 1st Quarter of 2023, Net profit after tax of the period reached 28,921 JD Compared with Net profit after tax 21,165 JD for 2022, a net increase in profit of 36.65%.Total assets of the company reached 12,861,679 JD compared with total assets of 12,587,138 JD at the end of year 2022, a net increase of 2.18%.Total liabilities of the company reached 54,760 JD compared with total liabilities of 55,937 JD at the end of year 2022, a net decrease of 2.10%. Net ownership equity of the company reached 12,806,919 JD compared with total owner equity of 12,531,201 JD at the end of year 2022, a net increase of 2.20%.