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PALAQAR posts net income of JD0.15 million in 9M 2019

2019-11-06

According to the financial statements of Palaqar for Real Estate Development and Management Company for the first nine months of 2019, Net profit after tax of the period reached 149,222 JD Compared with Net profit after tax 181,743 JD for 2018, a net decrease in profit of 17.89%.Total assets of the company reached 4,243,499 JD compared with total assets of 4,229,112 JD at the end of year 2018, a net increase of 0.34%.Total liabilities of the company reached 2,574,015 JD compared with total liabilities of 2,559,628 JD at the end of year 2018, a net increase of 0.56%. Net ownership equity of the company reached 1,669,484 JD compared with total owner equity of 1,669,484 JD at the end of year 2018, a net of 0.00%.