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Press release by the PSE: HOTEL's disclosure of preliminary financials of 2007.

2008-02-14

Palestine securities exchange received the preliminary revised financial statements from the internal auditors of Grand Park Hotel & Resorts, as of December 31, 2007. This disclosure came within the applied disclosures system, which grants every listed company a month and a half as utmost period for disclosing the preliminary financial results of 2007. It is revealed by the in formations presented by the HOTEL that, it had been disclosed using the electronic reporting standard, and a signed paper copy of the internal audited preliminary financials in English language was sent to be verified from the board of directors parallel with another copy that had been sent to the CMA and PSE. As for the general assembly meeting, it is will be held in March 15, 2008 to discuss these financial results. This preliminary financials were published on the PSE website as soon as it released by the HOTEL. HOTEL"s financial results pointed out to net loss 181,844 JD to the year 2007 to accumulate a total loss of 3,036,059 JD. Total assets amounted 4,510,454 JD in 2007, where total liabilities had amounted 6,381,736 JD. Shareholders" equity deficiency amounted 1,871,281 JD in 2007.

 


 

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