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Masafat 9M profit shrinks by near half

Masafat 9M profit shrinks by near half
Photo credit: Arabianeye - Reuters
Masafat Transport
MSFT
-4.35% 0.66 -0.03

Mubasher: Masafat Specialized Transport reported a profit of JOD 673,510 (about $946,110) in the first nine months of 2015.

Profit plummeted by 41.96%, compared with JOD 1.16 million ($1.63 million) in the same period last year, according to the company’s financial statement.

The statement also showed a drop in the other net income to JOD 65,440 y/y, down from JOD 264,940.

The Amman-listed company earlier posted a decline of 51.63% in H1-15 to JOD 472,480 (about $664,420).