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VOIC posts net income of JD8.34 million in 2024

2025-02-12

According to the financial statements of the Vegetable Oil Industries VOIC for the year 2024, Net profit after tax of the period reached 8,338,546 JD Compared with Net profit after tax 7,773,141 JD for 2023, a net increase in profit of 7.27%.Total assets of the company reached 77,804,075 JD compared with total assets of 76,996,320 JD at the end of year 2023, a net increase of 1.05%.Total liabilities of the company reached 9,723,219 JD compared with total liabilities of 14,971,871 JD at the end of year 2023, a net decrease of 35.05%. Net ownership equity of the company reached 68,080,856 JD compared with total owner equity of 62,024,449 JD at the end of year 2023, a net increase of 9.76%.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%.