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NAPCO announces 11.4% profit rise in 9M

NAPCO announces 11.4% profit rise in 9M
NAPCO
NAPCO
-0.95% 1.04 -0.01
The National Aluminum & Profile Company (NAPCO) posted its unaudited interim condensed financial results to The Palestine Exchange (PEX).

According to company data for the first nine months of the year, net profit after taxes amounted to JOD 382.88 THD, against a net profit after taxes of JOD 343.81 THD from the first nine months of 2013, a net increase of 11.4%.

Net ownership equity of the company reached JOD 9.91 million as at September 30, 2014, compared with a net ownership equity of JOD 9.87 million by December 31, 2013, registering a net increase of 0.4% in the first nine months.

NAPCO’s total assets recorded JOD 22.13 million as at September 30, 2014, compared to total assets of JOD 21.67 million as at December 31, 2013, a net increase of 2.2%. Total liabilities of the company stood at JOD 12.22 million as at September 30, 2014, against JOD 11.79 million as at December 31, 2013, recording a rise by 3.6%.

It is worth noting that NAPCO is the fourth listed company to disclose its interim financial statements for third quarter of 2014.