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Union Investment losses reach JOD 3.89m in 2014

Union Investment losses reach JOD 3.89m in 2014
Photo Credit: Arabianeye-Reuters
Union Investment Corp
UINV
-3.33% 0.29 -0.01

Amman-Mubasher: Union Investment Corporation reported a loss of JOD 3.59 million ($5.05 million) in 2014, compared to JOD 4.94 million ($6.95 million) in 2013.

During the first half of 2014, the company posted a sharp decline in profit by 85% to JOD 785,300, compared to JOD 5.19 million during the same period of 2013.  

The Amman-listed firm’s capital amounts to JOD 50 million, distributed on 50 million shares at JOD 1 par value each.