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Profits Down at Palestine Poultry

by 5m Editor
12 August 2011, at 8:44am

PALESTINE - Profits for the first half of 2011 were down 51 per cent from the same period last year.

The Palestine Exchange has received reviewed interim condensed financial statements from Palestine Poultry (AZIZA), reports AME Info.

For the first half of this year, net profit before taxes reached 1,106,710 Jordanian dinar (JOD), compared with a net profit before taxes of JOD2,256,386 from the first half of 2010, a net decrease of 51.0 per cent.

Total assets of the company have reached JOD32,999,666 as of 30 June 2011, compared to total assets of JOD30,145,230 on 31 December 2010, a net increase of 9.5 per cent. Total liabilities of the company reached JOD11,119,517 on 30 June 2011, compared to total liabilities of JOD9,443,389 on 31 December 2010, a net increase of 17.7 per cent.

Net ownership equity of the company was JOD21,880,149 on 30 June 2011, compared with a net ownership equity of JOD20,701,841 on 31 December 2010, a net increase of 5.7 per cent in the last six months. Paid-in capital increased from JOD12,000,000 on 31 December 2010 to JOD13,440,000 on 30 June 2011, an increase of 12 per cent.