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Future Arab profits rise by 120.5% to JOD 616 THD

Future Arab profits rise by 120.5% to JOD 616 THD
Future Arab
FUTR
3.03% 0.34 0.01
Future Arab Investment Co announced that the company’s profits increased by 120.5% to JOD 615.9 thousand in the first half of 2014 compared with JOD 279.3 thousand during the same period of 2013.

Earnings per share rose to JOD 0.016 against JOD 0.007 in the first half last year.

The company’s revenues jumped by 45.5% to JOD 1.4 million in H1-14 compared with JOD 976.6 thousand in H1-13, while sales costs declined by 23.5% to JOD 5.7 million from JOD 7.5 million in the first half last year.

In the second quarter, the company’s profits rose by 156% to JOD 580 thousand compared with JOD 226.9 thousand in the second quarter of 2013.