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Jerusalem Cigarettes net loss reaches JOD 1.47m in 9M

Jerusalem Cigarettes net loss reaches JOD 1.47m in 9M
Jerusalem Cigarette
JCC
1.49% 2.05 0.03
Jerusalem Cigarette Company (JCC) posted its unaudited interim consolidated condensed financials to the Palestine Exchange (PEX).

According to JCC data for the nine-month period ending September 30, 2014, net loss amounted to JOD 1.47million, compared to JOD 1.46 million during the first nine months a year earlier.

The company’s total assets stood at JOD 44.70 million as at September 30, 2014, against JOD 45.22 million by December 31, 2013, losing 1.2%. Total liabilities amounted to JOD 26.26 million as at September 30, 2014, compared to JOD 25.22 million by December 31, 2013, adding 4.1%.

JCC’s net ownership equity amounted to JOD 18.44 million (including JOD 2.38 million non-controlling interest) as at September 30, 2014, compared to JOD 19.99 million (including JOD 2.05 million non-controlling interest) by December 31, 2013, dropping 7.8% in the first nine months.