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PHARMACARE posts net income of $2.12 million in 2013

2014-02-17

According to Dar Al-Shifa Pharmaceuticals data for year-end preliminary financial statements for year 2013, net profit after taxes reached 2,117,685 USD, compared with a net profit after taxes of 2,027,972 USD in the audited data for 2012, a net increase of 4.4%. Total assets of the company reached 37,457,589 USD as of December 31^st, 2013, compared to total assets of 29,876,871 USD as of December 31^st, 2012, a net increase of 25.4%. Total liabilities of the company reached 17,137,298 USD as of December 31st, 2013, compared to total liabilities of 10,932,921 USD as of December 31^st, 2012, a net increase of 56.7%. Net ownership equity of the company reached 20,320,291 USD as of December 31^st, 2013, compared with a net ownership equity of 18,943,950 USD as of December 31^st, 2012, a net increase of 7.3%.