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Arab Real Estate Establishment achieves pretax income of JD0.004 million in Q1 2013

2013-05-01

According to Arab Real Estate Establishment Company ( ARE)’s data for the first three months of the year, net profit before tax reached 4,055 JOD, compared with a net loss of (31,348) JOD from the first three months of 2012. Total assets of the company reached 2,378,856 JOD as of March 31^st, 2013, compared to total assets of 2,736,593 JOD as of December 31^st, 2012, a net decrease of 13.1%. Total liabilities of the company reached 1,375,979 JOD as of March 31^st, 2013, compared to total liabilities of 1,742,340 JOD as of December 31^st, 2012, a net decrease of 21.0%. Net ownership equity of the company reached 1,002,877 JOD as of March 31^st, 2013, compared with a net ownership equity of 994,253 JOD as of December 31^st, 2012, a net increase of 0.9% in the first three months.