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Jordan Phosphate Mines turns to losses in Q2

Jordan Phosphate Mines turns to losses in Q2
Net loses reached JOD 16.64 million in H1-16 - (Photo Credit: Arabianeye-Reuters)
Phosphate Mines
JOPH
-0.09% 11.13 -0.01

Mubasher: Jordan Phosphate Mines Company recorded a net loss of JOD 19.67 million ($27.67 million) in the second quarter of 2016, against a net profit of JOD 7.27 million ($10.23 million) in the same period last year.

As for the first half of 2016, net loses reached JOD 16.64 million, compared to JOD 10.47 million in H1-15, according to the company’s statement to the Amman Stock Exchange (ASE) on Thursday.