Net profits for companies on stock exchange reached JD1.07b – H1 2023

Amman Stock Exchange. (File photo: Jordan News)
AMMAN — The chief executive officer of the Amman stock exchange, Mazen Al-Wathaifi, stated that 144 companies listed on the Amman Stock Exchange have provided the necessary data to the stock exchange within the specified deadline, June 30, 2023, through the electronic disclosure system. Below are some statistics revealed by the data provided.اضافة اعلان

Profits after tax attributable to the shareholders of the mentioned companies for H1 2023 decreased to JD1.070 billion compared to JD1.270 billion for H1 2022, with a decrease of 15.7 percent.

Similarly, profits before tax for these companies reached JD1.516 billion for the first half of 2023 compared to JD1.714 billion for the first half of 2022, reflecting a decrease of 11.5 percent.

From a sectoral perspective, profits after tax attributable to shareholders in the financial sector of the companies that submitted their data increased by 30.3 percent, while profits in the services sector decreased by 37.1 percent, and profits in the industrial sector decreased by 40.4 percent.

The number of companies that achieved net profits for the first half of 2023 among the companies that submitted their data was 98 companies, compared to 93 companies that achieved profits for the first half of 2022 among those companies. Additionally, the number of companies that incurred losses among the companies that submitted their data was 46 companies for the first half of 2023, compared to 51 companies for the same period in 2022.

He also pointed out in a disclosure made by the stock exchange on its website today, Tuesday, that insurance companies have been granted a deadline until the end of August to provide the stock exchange with their semi-annual financial data for the year 2023, noting that only one insurance company has submitted the required financial data to the stock exchange.

In light of this exception, the compliance rate of the remaining listed companies in providing the data on time reached 96 percent.

The stock exchange has disseminated the financial data through its website under the circulars and disclosures section (semi-annual data).

Read more Business
Jordan News