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PRICO net loss reaches JOD 649.95 THD in 9M

PRICO net loss reaches JOD 649.95 THD in 9M
PRICO
PRICO
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Palestine Real Estate Investment Company (PRICO) posted its unaudited interim consolidated condensed results to the Palestine Exchange (PEX).

According to PRICO data for the nine-month period ending September 30, 2014, net loss stood at JOD 649.95 THD, compared to a net profit after taxes of JOD 102.12 THD during the same period of 2013.

The company’s total assets amounted to JOD 119.91 million as at September 30, 2014, compared to JOD 118.47 million by December 31, 2013, gaining 1.2%. Total liabilities reached JOD 41.18 million as at September 30, 2014, against JOD 39.52 million by December 31, 2013, adding 4.2%.

PRICO’s net ownership equity stood at JOD 78.73 million (including JOD 2.23 million non-controlling interest) by September 30, 2014, compared to JOD 78.94 million (including JOD 2.23 million non-controlling interest) as at December 31, 2013, inching down 0.3% in the first nine months.