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Petroleum Refinery annual profits grow 31%

Petroleum Refinery annual profits grow 31%
JoPetrol
JOPT
0.42% 4.75 0.02
Financial statement of Jordan Petroleum Refinery Co showed that the company’s annual profits increased by 30.87% to JOD 28.23 million in 2013 compared with JOD 21.57 in 2012.

Earnings per share hit JOD 0.706 in 2013 against JOD 0.674 in 2012.

Net sales increased by 6.5% to JOD 4.312 billion in 2013 compared with JOD 4.048 billion in 2012 in coincidence with the increase of sales costs by 7.5% to JOD 4.303 billion in 2013 compared with JOD 4.002 billion in 2012, hence, profits of sales declined by 80.48% to JOD 8.95 million in 2013 compared with JOD 45.868 million in 2012.