Jordan phosphate company's profit at JOD 35 million


[03-05-2021 04:17 AM]

Ammon News -

The Jordan Phosphate Mines Co. (JPMC's) earnings before interest and taxes in the first quarter of 2021 stood JOD 35.8 million, a 407 percent increase compared with the corresponding period in 2020 of 11.7 million.

Chairman of the JPMC Mohammad Thneibat said the Company's sales rose during the January-April 2021 period by 52.6 million, a 40 percent improvement from the corresponding period in 2020.

On the Company's net sales in the first quarter of 2021, Thneibat said they stood at 184.4 million compared with 131.7 million in the corresponding period in 2020, adding that the net profit rose by 246.2 percent during the first quarter of 2021 compared with the corresponding period in 2020.

He said the selling costs to sales ratio in the first quarter of 2021 stood at 61 percent compared with 83 percent in the corresponding period in 2020.

Thneibat highlighted that the operating income rose by 49.4 million in the first quarter of 2021 compared with 42.2 million in the corresponding period in 2020.




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