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Press Foundation losses deepen in 2014

Press Foundation losses deepen in 2014
Photo Credit: Arabianeye-Reuters
Al Rai
PRES
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Doha-Mubasher: Jordan Press Foundation (JPF) reported a loss of JOD 2.63 million ($3.7 million) for the fiscal year 2014, compared to JOD 1.04 million in FY13, according to a filing to Amman Stock Exchange (ASE).

The foundation’s revenues reached JOD 2.76 million in 2014, compared to JOD 4.71 million in 2013.

JPF previously posted a loss of JOD 370,100 during the first half of 2014, compared to a profit of JOD 386,000 during the same period of 2013.