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JCC posts net income of JD0.62 million in 2013

2014-02-17

According to Jerusalem Cigarette Company ( JCC) data for year-end preliminary financial statements for year 2013, net profit after taxes reached 620,715 JOD, compared with a net profit after taxes of 1,897,010 JOD in the audited data for 2012, a net decrease of 67.3%. Total assets of the company reached 46,490,267 JOD as of December 31^st, 2013, compared to total assets of 43,752,101 JOD as of December 31^st, 2012, a net increase of 6.3%. Total liabilities of the company reached 25,983,832 JOD as of December 31st, 2013, compared to total liabilities of 22,971,306 JOD as of December 31^st, 2012, a net increase of 13.1%. Net ownership equity of the company reached 20,506,435 JOD (including 2,055,386 JOD in Non-controlling interest) as of December 31^st, 2013, compared with a net ownership equity of 20,780,795   JOD (including 2,030,977 JOD in Non-controlling interest) as of December 31^st, 2012, a net decrease of 1.3%.