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RSR posts net income of JD0.06 million in 2013

2014-02-17

According to The Ramallah Summer Resorts Company ( RSR) data for year-end preliminary financial statements for year 2013, net profit after taxes reached 56,396 JOD, compared with a net profit after taxes of 45,174 JOD in the audited data for 2012, a net increase of 24.8%.. Total assets of the company reached 12,612,949 JOD as of December 31^st, 2013, compared to total assets of 12,509,362 JOD as of December 31^st, 2012, a net increase of 0.8%. Total liabilities of the company reached 3,593,758 JOD as of December 31^st, 2013, compared to total liabilities of 4,158,414 JOD as of December 31^st, 2012, a net decrease of 13.6%. Net ownership equity of the company reached 9,019,191 JOD as of December 31^st, 2013, compared with a net ownership equity of 8,350,948 JOD as of December 31^st, 2012, a net increase of 8.0%. Furthermore, paid-in capital increased from 3,000,000 JOD  on December 31^st, 2012 to 3,611,047 JOD  by December 31^st, 2013, an increase of 20.4%.