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PALAQAR records net income of JD0.16 million at the end of 2018

2019-02-17

According to the financial statements  of Palaqar for Real Estate Development and Management PALAQAR for the year 2018, Net profit after tax of the period reached 161,352 JD Compared with Net profit after tax 90,588 JD for 2017, a net increase in profit of 78.12%.Total assets of the company reached 4,229,112 JD compared with total assets of 3,887,905 JD at the end of year 2017, a net increase of 8.78%.Total liabilities of the company reached 2,535,813 JD compared with total liabilities of 2,222,913 JD at the end of year 2017, a net increase of 14.07%. Net ownership equity of the company reached 1,693,299 JD compared with total owner equity of 1,664,992 JD at the end of year 2017, a net increase of 1.70%.