Amman-Mubasher: Jordan Wood Industries Co (JWICO) shareholders approved to offset the accumulated losses and distribute cash dividends.

At their ordinary general meeting, the shareholders approved a cash dividend of 10% at 100 fils per share.

The accumulated losses will be offset through issue premium, according to Amman Stock Exchange.

The Amman-listed firm reported a profit rise to JOD 92,670 in 2014, compared to JOD 1.06 million in 2013. It capital amounts to JOD 5 million, distributed on 5 million shares at JOD 1 par value each.