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JREI realizes net loss of $0.02 million in Q1 2024


According to the financial statements of Jerusalem Real Estate Investment JREI for the 1st Quarter of 2024, Net Loss after tax of the period reached (19,281) USD Compared with Net profit after tax 20,493 USD for 2023.Total assets of the company reached 12,081,005 USD compared with total assets of 12,026,892 USD at the end of year 2023, a net increase of 0.45%.Total liabilities of the company reached 4,611,211 USD compared with total liabilities of 4,504,217 USD at the end of year 2023, a net increase of 2.37%. Net ownership equity of the company reached 7,469,794 USD compared with total owner equity of 7,522,675 USD at the end of year 2023, a net decrease of 0.70%.



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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