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APIC records net income of $8.31 million in Q1 2021

2021-05-30

According to the financial statements of the National Aluminum and Profile Company NAPCO for the 1st Quarter of 2021, Net profit after tax of the period reached 82,271 JD Compared with Net Loss after tax (287,976) JD for 2020.Total assets of the company reached 735,812,773 USD compared with total assets of 511,148,111 USD at the end of year 2020, a net increase of 43.95%.Total liabilities of the company reached 559,655,525 USD compared with total liabilities of 336,390,550 USD at the end of year 2020, a net increase of 66.37%. Net ownership equity of the company reached 176,157,248 USD (Including Non-Controlling Interests of 28,251,345 USD) compared with total owner equity of 174,757,561 USD (Including Non-Controlling Interests of 28,886,066 USD) at the end of year 2020, a net increase of 0.80%.Noting that paid-in capital increased from 95,000,000 USD in year 2020 to 96,200,000 USD of this year,a net increase of 1.26%