Palaces Real Estate and Development PLC announced its financial statement that reflected a decline of its profits by 11.6% during the first half of 2014 to JOD 608.2 thousand againt JOD 688.1 thousand during the same period of 2013.

Stock par value declined also to JOD 0.152 during the first half of 2014 against JOD 0.172 during the same period of the last year.