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Arab Hotels realizes a loss of JD0.86 million in Q1 2011

2011-04-27

Arab Hotels AHC disclosed its financial results for the first quarter of this year, where they indicated a loss of  JD(856,431) compared to a loss of JD(132,735) in the first quarter of 2010. Total assets reached JD33,197,297 on 31/03/2011 compared to JD34,836,498 as of 31/12/2010. Total Liabilities amounted at JD11,060,057 on 31/03/2011 after they reached JD11,780,980 on 31/12/2010, Total shareholders’ equity settled at JD22,137,240 at the end of the first quarter of 2011 compared to JD23,055,518 at the end of 2010.