Jordan Phosphate Mines Company Reports Q3 Pre-Tax Profits Of JD450.5Mln

2023-10-31 03:03:52

(MENAFN- Jordan News Agency)

Amman, Oct. 31 (Petra) -- The Jordan Phosphate Mines Company reported substantial financial gains by the close of Q3 2023, with pre-tax profits registering JD450.5 million and post-tax net earnings of JD325.2 million.
In the third quarter alone, pre-tax profits reached JD145.5 million, with net profits post-tax totaling JD111 million, as indicated by a disclosure on the Amman Stock Exchange's official website.
The company's net sales for the first three quarters of 2023 tallied up to JD919 million. While the cost-to-sales ratio saw an uptick due to a marked global price drop for the company's products by the end of Q3, the firm still secured robust returns on capital.
Earnings per share over the nine-month period stood at an impressive 131% of the share's nominal value.

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