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Jordan’s Northern Cement posts 8% fall in Q2 profits

Jordan’s Northern Cement posts 8% fall in Q2 profits
Photo Credit: Arabianeye-Reuters
Northern
NCCO
6.80% 2.20 0.14

Mubasher: Northern Cement Company reported a 7.6% decline in profits during the second quarter of 2016, to JOD 3.79 million ($5.33 million) compared to JOD 4.1 million ($5.76 million) in the same period last year.

Profits also decreased 8.71% year-on-year in the first half of 2016, reaching JOD 6.79 million, down from JOD 7.42 million in H1-15, according to a bourse filing issued on Wednesday.