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ELECTRODE posts net income of JD0.02 million in H1 2019

2019-08-08

According to financial statements of Al-Shark Electrode Company ELECTRODE for the first half of 2019, Net profit after tax of the period reached 21,655 JD Compared with Net profit after tax 34,401 JD for 2018, a net decrease in profit of 37.05%.Total assets of the company reached 3,175,834 JD compared with total assets of 3,271,410 JD at the end of year 2018, a net decrease of 2.92%.Total liabilities of the company reached 281,279 JD compared with total liabilities of 298,847 JD at the end of year 2018, a net decrease of 5.87%. Net ownership equity of the company reached 2,894,555 JD compared with total owner equity of 2,972,563 JD at the end of year 2018, a net decrease of 2.62%.