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Masafat Transport profits rise by 17% to JOD 977 THD

Masafat Transport profits rise by 17% to JOD 977 THD
Masafat Transport
MSFT
-4.35% 0.66 -0.03
Masafat Specialized Transport announced in its financial statement on Amman Stock Exchange website that its net profits increased by 17.14% to JOD 976.96 thousand after taxes during the first half of 2014 against JOD 834 thousand profits during the first half of 2013.

The company’s revenues decreased by 13.5% to JOD 9.55 million from JOD 11.041 million in the first half of the last year.

During the second quarter of 2014, the company’s profits increased by 45.6% to JOD 711.113 thousand compared to JOD 488.260 thousand during the second quarter of 2013. The company assured that it opened a fuel station in Qatal last June as well as it bought a land for industry in Zarqa zone for companies trucks.