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APC posts net income of JD0.06 million in Q1 2024


According to the financial statements of the Arab Company for Paints Products APC for the 1st Quarter of 2024, Net profit after tax of the period reached 59,597 JD Compared with Net profit after tax 115,477 JD for 2023, a net decrease in profit of 48.39%.Total assets of the company reached 6,515,472 JD compared with total assets of 6,612,373 JD at the end of year 2023, a net decrease of 1.47%.Total liabilities of the company reached 1,710,627 JD compared with total liabilities of 1,848,920 JD at the end of year 2023, a net decrease of 7.47%. Net ownership equity of the company reached 4,804,845 JD compared with total owner equity of 4,763,453 JD at the end of year 2023, a net increase of 0.87%.



Al-Quds Index continued to decline amid lack of general incentives

The PEX records average PE of 19.7x and average P/BV of 1.10x in Q1 2024

JCC approves distributing 10% cash dividends for the year 2023



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