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Contempro Housing Projects’ profits slump 25%

Contempro Housing Projects’ profits slump 25%
Photo Archive - Contempro for Housing Projects Company
Contempro
COHO
-1.22% 0.81 -0.01

Mubasher: Contempro for Housing Projects Company’s posted on Thursday a net profit of JOD 440,000 for 2015, with a drop of 25% year-on-year.

Slower sales triggered the fall in profit as they dropped to JOD 3.68 million, according to the company’s financial statements.

The board of directors proposed cash dividends at 5% of the company’s capital, totalling JOD 300,000.

The Amman-listed company earlier reported a net profit of JOD 181,300 in the first half of fiscal year 2015, compared to JOD 294,900 in the same period of 2014.