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PALAQAR reports net income of JD0.07 million in H1 2017

2017-08-15

According to the financial statements of Palaqar Real Estate Development and Management PALAQAR for the first half of 2017, Net profit after tax of the period reached 68,065 JD Compared with Net profit after tax 200,138 JD for 2016, a net decrease in profit of 65.99%.Total assets of the company reached 3,836,001 JD compared with total assets of 3,277,633 JD at the end of year 2016, a net increase of 17.04%.Total liabilities of the company reached 2,193,532 JD compared with total liabilities of 1,703,229 JD at the end of year 2016, a net increase of 28.78%. Net ownership equity of the company reached 1,642,469 JD compared with total owner equity of 1,574,404 JD at the end of year 2016, a net increase of 4.32%.