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Petroleum Refinery posts 15.9% profit rise in FY14

Petroleum Refinery posts 15.9% profit rise in FY14
Photo Credit: Arabianeye-Reuters
JoPetrol
JOPT
0.42% 4.75 0.02


Amman-Mubasher: Jordan Petroleum Refinery Co (JPRC ) announced its financial statements to the Amman Stock Exchange (ASE) for the fiscal year (FY) 2014, during which it reported a profit rise by 15.9% to JOD 32.73 million ($46.04 million), compared to JOD 28.23 million ($39.7 million) during FY13.

The company’s revenues soared by 400% to JOD 88.44 million during the period, compared to JOD 17.67 million.

During the first half of 2014, JPRC had reported a profit growth by 36% to JOD 16.07 million compared to JOD 11.82 million in the same period of 2013.

Amman-listed company’s capital amounts to JOD 62.5 million, distributed on 62.5 million shares at JOD 1 par value.