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Al Amin for Investment FY13 profit jumps to JOD1.07 mln

Al Amin for Investment FY13 profit jumps to JOD1.07 mln
Al Amin for Investment
AAFI
0.42% 2.34 0.01
Al Amin for Investment Co. posted financial statements for the fiscal year 2013, showing that earnings climbed 180% to approx. JOD 1.07 million, compared with JOD 381.282 thousand a year earlier.
The profit rise was spurred by the differences in evaluating financial assets at fair value, which reached JOD 772,274 at the end of 2013.
Meanwhile, the board invited shareholders to attend a general meeting scheduled for Sunday, March 16, at 10:00 a.m. to look into the proposed cash dividend at 6% of capital for FY13.
The company operates with JOD 10 million capital.