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Sheba losses decline by 67% in H1

Sheba losses decline by 67% in H1
SHEBA
SHBA
-4.98% 22.14 -1.16
Financial statement of Sheba Metal Casting showed the losses declined by 67% to JOD 66.9 thousand during the first half of 2014 against JOD 203.7 thousand during the same period of last year.

Stock par value reached JOD 0.73 in the first half of 2014 against JOD 0.265 in the same period of 2013.

Losses declined because of sales cost which plunged by 98.7% to JOD 201 thousand in the first half of 2014 against JOD 237 thousand last year.

The company had achieved JOD 12.8 thousand profits during the first quarter of 2014 against JOD 177.6 thousand losses during the same quarter of 2013.