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Sabaek Q1 profit drops 92%

Sabaek Q1 profit drops 92%
Photo Credit: Arabianeye-Reuters
SABAEK
SABK
0.00% 0.43 0.00

Amman-Mubasher: Sabaek Invest Company reported a 92.17% plunge in profit to JOD 9,160 ($12,900) in the first quarter of 2015, compared to JOD 117,020 ($164,600) in Q1-14, according to a filing to Amman Stock Exchange.

The Amman-list company previously posted a profit of JOD 64,010 in 2014, compared to JOD 171,990 in 2013, recording a decline of 62.8%.

Sabaek’s capital amounts to JOD 8 million, distributed on 8 million shares.