Consolidated net profit of ASE-listed companies see 176pct rise

[03-05-2021 05:26 PM]

Ammon News - The consolidated net profit of companies listed with the Amman Stock Exchange (ASE) soared by 276.6 per cent in the first quarter of 2021, at a total of JD293.8 million compared with JD106.2 million in the corresponding period of 2020.

ASE CEO Mazen Wathaifi said earnings before interest and taxes of all listed companies rose to JD401.3 million in the Jan-April 2021 period compared with JD175.2 million in the corresponding period in 2020, marking a 129 per cent increase.

Among the sectors that generated the highest earnings before interest and tax was the industrial sector that recorded 668.8 percent increase followed by the service sector with 302.2 percent increase and the financial sector with 70.7 percent increase.

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