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LADAEN realizes net loss of JD0.22 million at the end of 2016

2017-02-19

According to the financial statements of Palestine Plastic Industries Company LADAEN for the year 2016, Net Loss after tax of the period reached (217,177) JD Compared with Net Loss after tax (956,910) JD for 2015, a net decrease in loss of 77.30%.Total assets of the company reached 1,214,468 JD compared with total assets of 1,538,627 JD at the end of year 2015, a net decrease of 21.07%.Total liabilities of the company reached 640,281 JD compared with total liabilities of 747,263 JD at the end of year 2015, a net decrease of 14.31%. Net ownership equity of the company reached 574,187 JD compared with total owner equity of 791,364 JD at the end of year 2015, a net decrease of 27.44%.