Amman Stock Exchange companies made ‘historical’ JD2.4b profits in 2022

(File photo: Jordan News)
AMMAN — Companies listed on the Amman Stock Exchange (ASE) made “unprecedented” and “historical” net profits of JD2.422 billion after tax in 2022 — an 85.5 percent increase from the JD1.306 billion net profits recorded in 2021.اضافة اعلان

The 2022 pre-tax profits of listed companies totaled JD3.349 billion, compared to JD1.815 billion in 2021, Al-Mamlaka TV reported.

Financial dataThese figures, announced by ASE Executive Director Mazen Wathafi, are based on the data of 95.2 percent of the 169 companies listed — those that provided the stock exchange with annual financial statements, according to Al-Mamlaka TV.

The data audited was for the period ending December 12, 2022 with the ASE’s deadline for submitting the statements through the XBRL electronic disclosure system set for March 31, 2023. 

Strong industrial profitsIn terms of sectors, Wathafi said that industry companies recorded the greatest profits last year, clocking JD1.348 billion compared to JD576.8 million in 2021.

Meanwhile, financial companies recorded JD832.6 million in profits in 2022 compared to JD611.5 million in 2021 and service sector companies recorded JD241.9 million, also a marked increase from the previous year’s JD117.7 million.

According to the executive director, “these are indeed high figures for the stock exchange’s listed companies”, and they show the companies’ commitment to and transparency towards the ASE laws and regulations.

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