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APC posts net income of JD0.58 million at the end of 2014

2015-01-29

According to the Arab Paint Products Company APC’s data for year-end preliminary financial statements for year 2014, net profit after taxes reached 576,706 JOD, compared with a net profit after taxes of 801,855 JOD in the audited data for 2013, a net decrease of 28.1%. Total assets of the company reached 4,217,545 JOD as of December 31^st, 2014, compared to total assets of 4,361,595 JOD as of December 31^st, 2013, a net decrease of 3.3%. Total liabilities of the company reached 1,285,971 JOD as of December 31^st, 2014, compared to total liabilities of 1,354,880 JOD as of December 31^st, 2013, a net decrease of 5.1%. Net ownership equity of the company reached 2,931,574 JOD as of December 31^st, 2014, compared with net ownership equity of 3,006,715 JOD as of December 31^st, 2013, a net decrease of 2.5%.