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ARAB posts net income of JD0.08 million in 2013

2014-02-13

According to Arab Investors Company ARAB data for year-end preliminary financial statements for year 2013, net profit after taxes reached 84,539 JOD, compared with a net loss of (63,963) JOD in the audited data for 2012. Total assets of the company reached 9,510,327 JOD as of December 31^st, 2013, compared to total assets of 9,406,946 JOD as of December 31^st, 2012, a net increase of 1.1%. Total liabilities of the company reached 83,782 JOD as of December 31^st, 2013, compared to total liabilities of 121,538 JOD as of December 31^st, 2012, a net decrease of 31.1%. Net ownership equity of the company reached 9,426,545 JOD as of December 31^st, 2013, compared with a net ownership equity of 9,285,408 JOD as of December 31^st, 2012, a net increase of 1.5%.