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Jordan’s Northern Cement 9M profit falls 23%

Jordan’s Northern Cement 9M profit falls 23%
Photo credit: Arabianeye - Reuters
Northern
NCCO
6.80% 2.20 0.14

Mubasher: Jordan’s Northern Cement Company posted a drop of 22.7% in its nine-month profit, as it slipped to JOD 10.9 million ($15.3 million) this year, down from JOD 14.1 million ($19.8) last year.

In H1-15, the Amman-listed company’s profits fell into 24.15% decline, reaching JOD 7.42 million ($10.4 million).

The company’s capital amounts to JOD 55 million divided on 55 million shares.