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Jordan Worsted Mills profits down 24% in Q4

Jordan Worsted Mills profits down 24% in Q4
(Photo Credit: Arabianeye-Reuters)
Jordan Worsted
JOWM
0.00% 2.07 0.00

Mubasher: The Jordan Worsted Mills Company reported a decline in profits by 24.28% in the fourth quarter of 2015, according to a bourse filing.

Q4-16 profits totalled JOD 231,040 compared to JOD 305,150 in the same quarter in the year before.

As for the annual financial results, profits decreased by 21.34% to JOD 4.41 million from JOD 5.61 million in 2015.