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Jerusalem Real Estate Investment Company realizes loss of $0.65 million in Q1 2013

2013-05-01

According to Jerusalem Real Estate Investment Company ( JREI)’s data for the first three months of the year, net loss reached (647,519) USD, compared with a net profit before tax of 35,659 USD from the first three months of 2012. Total assets of the company reached 16,288,486 USD as of March 31^st, 2013, compared to total assets of 16,479,245 USD as of December 31^st, 2012, a net decrease of 1.2%. Total liabilities of the company reached 6,285,293 USD as of March 31^st, 2013, compared to total liabilities of 5,982,981 USD as of December 31^st, 2012, a net increase of 5.1%. Net ownership equity of the company reached 10,003,193 USD as of March 31^st, 2013, compared with a net ownership equity of 10,496,264 USD as of December 31^st, 2012, a net decrease of 4.7% in the first three months.