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Jordan's Emaar Investments deepens annual losses

Jordan's Emaar Investments deepens annual losses
Photo Credit: Arabianeye-Reuters
Emmar
EMAR
7.69% 0.14 0.01

Jordan's Emaar Investments and Real Estate Development posted losses of JOD 636,000 (around $894,000) for the fiscal year 2014, widening 106% compared with JOD 308,000 a year earlier.

The real estate developer recorded nearly JOD 397,000 losses in the first half of 2014, rising 22.15% from JOD 325,000 in the same period of 2013.

Emaar operates with JOD 20 million capital, divided into 20 million shares at JOD 1 par value each.