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ELECTRODE posts net income of JD0.09 million at the end of 2014

2015-02-15

According to Al-Shark Electrode Company ELECTRODE’s data for year-end preliminary financial statements for year 2014, net profit after tax reached 91,480 JOD, compared with a net profit after tax of 96,235 JOD in the audited data for 2013, a net decrease of 4.9%. Total assets of the company reached 3,302,203 JOD as of December 31^st, 2014, compared to total assets of 3,490,639 JOD as of December 31st, 2013, a net decrease of 5.4%. Total liabilities of the company reached 210,653 JOD as of December 31^st, 2014, compared to total liabilities of 282,406 JOD as of December 31st, 2013, a net decrease of 25.4%. Net ownership equity of the company reached 3,091,550 JOD as of December 31^st, 2014, compared with a net ownership equity of 3,208,233 JOD as of December 31^st , 2013, a net decrease of 3.6%.