Jordan Phosphate Mines Company reports profit surge

Phosphate Mines JPMC
(File photo: Jordan News)
AMMAN — According to the Amman Stock Exchange (ASE) website, the Jordan Phosphate Mines Company (JPMC) recorded a semi-annual pre-tax profit of JD305 million and a post-tax net profit of JD214.3 million. اضافة اعلان

The data highlights a significant improvement in profits for the second quarter of this year compared to the first quarter, showing an increase of 6.3 percent. Semi-annual net sales amounted to JD632 million, with an improvement in sales for the second quarter compared to the first quarter, the Jordan News Agency, Petra reported.

Despite challenges such as a decrease in product prices globally, the JPMC achieved rewarding returns on capital, with profits per share reaching 87 percent of the nominal value of the share in the first half of 2023.

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