SPIC
SPIC
SPIC
Specialized Investment Compounds Co (SPIC) announced its reviewed financial results to the Amman Stock Exchange (ASE), reporting a surge in net loss by 74.39% to JOD 4.34 million during the nine-month period ending September 30, 2014, compared to JOD 2.48 million in the corresponding period of 2013.
SPIC’s total revenues gained 18.49% to JOD 847,000 in the first nine months of 2014, compared to JOD 714.8 THD during the same period a year earlier. Financial assets at fair value plunged by 195.12% to JOD 1.78 million in losses as at September 30, 2014, compared to JOD 603.6 THD in the corresponding period of 2013.
It is worth noting that the Company’s net loss amounted to JOD 3.43 million during the first half of 2014, compared to a net loss of JOD 1.13 million during the same period of 2013.
SPIC operates within the real estate sector focusing on diversified real estate activities. Its capital amounts to JOD 25.76 million, distributed on 25.76 million shares at JOD 1 par value each.
SPIC’s total revenues gained 18.49% to JOD 847,000 in the first nine months of 2014, compared to JOD 714.8 THD during the same period a year earlier. Financial assets at fair value plunged by 195.12% to JOD 1.78 million in losses as at September 30, 2014, compared to JOD 603.6 THD in the corresponding period of 2013.
It is worth noting that the Company’s net loss amounted to JOD 3.43 million during the first half of 2014, compared to a net loss of JOD 1.13 million during the same period of 2013.
SPIC operates within the real estate sector focusing on diversified real estate activities. Its capital amounts to JOD 25.76 million, distributed on 25.76 million shares at JOD 1 par value each.
Source:
Mubasher
