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Investment Trust turns into JOD 245 THD losses

Investment Trust turns into JOD 245 THD losses
Jordinvest
JOIT
0.00% 0.95 0.00
Jordan Investment Trust PLC tuned into losses of JOD 245.2 thousand in the first half of 2014 compared with JOD 145.9 thousand profits in the same period of 2013.

Losses per share hit JOD 0.005 in the first half this year, while earnings per share reached JOD 0.010 in the first half of the last year.

Net revenues of the company decreased by 15% to JOD 1.07 million against JOD 1.25 million in the first half of 2013.

The company’s losses of selling real estate investments hit JOD 215.38 thousand during the first half of 2014.

Moreover, the company turned to losses of JOD 260 thousand in the second quarter of 2014 against JOD 78.9 thousand profits in the same quarter last year.