Jordan Wood Industries
WOOD
-1.16%
1.69
0.02
WOOD
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.
Source:
Mubasher