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ELECTRODE realizes net loss of JD0.02 million in Q1 2022

2022-05-15

According to the financial statements of Al-shark Electrode Company ELECTRODE for the 1st Quarter of 2022, Net Loss after tax of the period reached (13,836) JD Compared with Net Loss after tax (18,739) JD for 2021, a net decrease in loss of 26.16%.Total assets of the company reached 3,191,102 JD compared with total assets of 3,096,662 JD at the end of year 2021, a net increase of 3.05%.Total liabilities of the company reached 449,629 JD compared with total liabilities of 348,235 JD at the end of year 2021, a net increase of 29.11%. Net ownership equity of the company reached 2,741,473 JD compared with total owner equity of 2,748,427 JD at the end of year 2021, a net decrease of 0.25%.