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Amin Investment profit falls 44% on FV

Amin Investment profit falls 44% on FV
Photo Credit: Arabianeye-Reuters
Al Amin for Investment
AAFI
0.42% 2.34 0.01

 

Amman – Mubasher: Financial results for Al Amin for Investment (AAFI), listed on the Amman Stock Exchange (ASE), show a 44% drop in profit for FY14 to JOD 594.6 THD ($835.27 THD) against JOD 1.068 million ($1.5 million) during FY13.

AAFI profits increased from selling financial assets by 459.19% to JOD 413.9 THD against JOD 74,000 in FY13.

Worth noting, the Board of Directors has proposed a 6% cash dividend, totaling JOD 600,000 for FY14.

AAFI’s capital amounts to JOD 10 million divided on 10 million shares at par value JOD 1 per share.