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Jordan’s Al Quds Readymix 9M profit rises 3.67%

Jordan’s Al Quds Readymix 9M profit rises 3.67%
Photo credit: Arabianeye - Reuters
Al Quds Readymix
AQRM
6.61% 1.29 0.08

Mubasher: Jordan’s Al Quds Readymix nine-month profit increased this year by 3.67% to JOD 84,451 ($118.63), compared to JOD 81,461 ($114,430) in the same period 2014.

The Amman-listed company managed to reduce the cost of sales to JOD 1.19 million in 2015, compared with about JOD 1.53 million last year, but the administrative expenses rose to JOD 102,800, compared to less than JOD 92,660 in 2014.

The company earlier posted a 45.5% rise in the half-year profit to JOD 114,140 ($160,510) this year, compared to JOD 78,450 ($110,310) last year.