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Ready Mix Concrete FY14 profit soars 59.5%

Ready Mix Concrete FY14 profit soars 59.5%
Photo Credit: Arabianeye-Reuters
Ready Mix Concrete
RMCC
6.19% 1.20 0.07


Cairo-Mubasher: Jordan-listed Ready Mix Concrete and Construction Supplies announced its financials to the Amman Stock Exchange for the fiscal year 2014, during which it reported a surge in profit by 59.5% to JOD 3.38 million ($4.7 million) compared to JOD 2.1 million during the fiscal year 2013.


Profit from sales reached JOD 6.07 million during the same period compared to JOD 4.57 million, soaring 32.65%.


The Company has reported a profit surge by 42% to JOD 2.01 million during the first half of 2014, compared to JOD 1.41 million during the same period in 2013.


Ready Mix Concrete’s capital amounts to JOD 25 million, distributed on 25 million shares at JOD 1 par value.