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Palestine Poultry is the first to disclose its financial statements for the first quarter

2009-04-08

Ramallah-Alayyam: Palestine Securities Exchange received yesterday the financial statements audited by the internal auditor of Palestine Poultry Company, to be the first company to disclose the results for the first quarter of this year.
Preliminary results showed that the company achieved a growth in profits during the first quarter of the year by %45 compared with the first quarter of 2008, despite the decline in net sales of the company for the periods of comparison by 23%.
The company"s net profit before tax reached JD 366416 compared with net profit before tax amounted to JD 253398 in the first quarter of 2008.
The total assets of the company at the end of the first quarter of this year amounted JD 14844524 from JD16267402 at the end of last year. The total liabilities rose of up to JD 3229230 after it was JD 3807328 at the end of last year, while net shareholders equity at the end of the first quarter reached JD11615294 after it was JD12460074 at the end of 2008.