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Jordan’s Darat FY14 loss plunges 68%

Jordan’s Darat FY14 loss plunges 68%
Photo Credit: Arabianeye-Reuters
Darat
DARA
2.08% 0.49 0.01


Cairo-Mubasher: Darat Jordan Holdings announced its financial results to the Amman Stock Exchange (ASE) for the fiscal year 2014, during which it reported a plunge in loss by 67.98% to JOD 77.5 thousands ($108.85 thousands) compared to JOD 242.13 thousands ($340 thousands) during the fiscal year 2013.  


Darat turned to profit amounting to JOD 1.5 thousands during the first half of 2014, compared to a loss of JOD 313.15 thousands during the same period of 2013.


It is worth mentioning that the company’s capital amounts to JOD 15 million, distributed on 15 million shares.