AMMAN — The
Jordan Phosphate Mines Company (JPMC) reported a significant increase in
earnings before tax (EBT) in the first half of 2022, with JD579 million,
compared with JD177.6 million in the same period in 2021, according to the
Jordan News Agency, Petra.
اضافة اعلان
The net profit
after tax amounted to JOD371.8 million in the first half of 2022, compared with
JD90 million recorded in the same period in 2021, a whopping 313 percent jump.
JPMC Chairman
Muhammad Al-Thneibat said that the financial statements of production and
marketing reports and the results of the company’s business during the first
half of 2022 showed a significant increase in the production and marketing of
crude phosphate, fertilizer and phosphoric acid, in addition to a 40 percent
decrease in the mining operational costs.
On the results of
the company’s business and its allied companies and subsidiaries during the
reporting period, Thneibat said that the report showed a significant
improvement in most items of the income statement compared to the same period
last year.
He added that the
company’s sales during the reporting period amounted to JD885.4 million,
compared with JD405.4 million in the same period last year, a 118 percent
increase. He said that the the ratio of cost of sales to sales in the first
half of this year decreased by 18 percent, compared with the same period last
year.
In relation to the
group’s balance sheet figures, Thneibat said that the report showed a
significant improvement in its results for the end of the first half of this
year, compared with the end of last year.
The company’s
total net assets increased by JD223,000, a 14.8 percent improvement. The
company’s indebtedness decreased at the end of the first half of this year, compared
with the end of last year, by JD12.5 million, a 19 percent decrease.
He added that the value of
property rights increased by JD206.8 million, an improvement of 22.2 percent
after distributing profits.
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