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VOIC posts net income of JD5.03 million in 9M 2024

2024-11-14

According to the financial statements of the Vegetable Oil Industries Company VOIC for the first nine months of 2024, Net profit after tax of the period reached 5,028,207 JD Compared with Net profit after tax 6,610,673 JD for 2023, a net decrease in profit of 23.94%.Total assets of the company reached 76,347,179 JD compared with total assets of 76,996,320 JD at the end of year 2023, a net decrease of 0.84%.Total liabilities of the company reached 12,736,658 JD compared with total liabilities of 14,971,871 JD at the end of year 2023, a net decrease of 14.92%. Net ownership equity of the company reached 63,610,521 JD compared with total owner equity of 62,024,449 JD at the end of year 2023, a net increase of 2.56%.Noting that paid-in capital increased from 4,000,000 JD in year 2023 to 8,000,000 JD of this year,a net increase of 100.00%