The Ramallah Summer Resorts Company (RSR) announced its unaudited interim consolidated financial results to the Palestine Exchange (PEX), reporting a drop in net profit after taxes by 17.4% to JOD 35.75 THD during the nine-month period ending September 30, 2014, compared to JOD 43.30 THD in the corresponding period of 2013.

RSR’s total assets amounted to JOD 14.24 million by September 30, 2014, compared to JOD 14.15 million as at December 31, 2013, registering net rise of 0.6%. Total liabilities stood at JOD 3.55 million as at September 30, 2014, against JOD 3.51 million as at December 31, 2013, adding 1.1%.

The Company’s net ownership equity reached JOD 10.69 million as at September 30, 2014, compared to JOD 10.64 million as at December 31, 2013, inching up 0.5%. Furthermore, paid-in capital edged up 0.2% to JOD 3.62 million as at September 30, 2014, compared to JOD 3.61 million on December 31, 2013.

It is worth mentioning that RSR did not manage to post its third quarter financials within the statutory period ended on November 2, 2014.