Jordan Phosphate Mines Co. boosts net profit to JD18.2 million in 2014

By Petra - Feb 17,2015 - Last updated at Feb 17,2015

AMMAN — Jordan Phosphate Mines Company (JPMC) generated a JD18.2 million net profit last year compared to JD2.6 million in 2013, the company announced on Monday.

Gross profit before tax and provisions in 2014 amounted to JD22.6 compared to JD6.7 in 2013, according to a JPMC disclosure to the Amman Stock Exchange.

Data showed that assets at the end of last year increased to JD1.2 billion, compared to JD1.1 billion at the end of 2013.

Shareholders equity rose to JD780.3 million from JD762 million while net operational income increased to JD739 million from JD574 million in 2013, due to higher production efficiency.

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