168 ASE-listed firms mark JD1.27b in pretax income by Q3

(Photo: Jordan News)
AMMAN — The total pretax income of 168 companies listed on the Amman Stock Exchange (ASE) amounted to about JD1.273 billion for the first three quarters of 2021, compared to JD438.5 million for the same period in 2020, indicating a major increase of 190.4 percent, according to the Jordan News Agency, Petra.اضافة اعلان

The profit after tax of these companies soared by a massive 285 percent, standing at JD883 million, against JD229.3 million for the same companies and the same period in 2020, according to Deputy CEO of the ASE Bassam Abu Abbas.

In a statement Monday, Abu Abbas indicated the figures are for 168 firms out of a total of 173 listed companies, which provided quarterly financial data to the bourse.

In its breakdown of the figures by sector, the ASE said the post-tax profit of the industrial sector increased by 452.1 percent to JD336.2 million in the nine-month period, against JD61 million reported in the same period of 2020.
The services sector netted an after-tax profit of JD80.6 million compared with a loss of JD38.9 million in the corresponding period of the past year, signaling a 307-percent rise.

As for the financial sector, it posted a profit of about JD466 million, compared to JD 207.4 million for the same January–September period of 2020, an increase of 124.8 percent.

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