ASE-listed firms distribute 50 percent of net profits to shareholders
Shareholders of firms listed on the Amman Stock Exchange (ASE) received 137.2 million Jordanian dinars ($193.8 million) in profits during the year 2001. These earnings constitute 46.7 percent of the companies’ total net profits, which totaled JD 293.3 million over the past year.
Of the 158 ASE-listed firms, 60 distributed dividends to their shareholders last year. Nearly 60 percent of all ASE-listed firms operating in the industrial sector distributed profits. The industrial sector also ranked first in terms of profits distributed, paying out JD60.4 million out of the JD 75.2 million earned by the sector’s firms in 2001.
This compares to the JD58.85 million distributed by 47 percent of the banking institutions listed on the ASE, out of the banking sector’s total profits of JD202 for the year 2001. Some 36 percent of insurance firms and 29 percent of ASE-listed services sector companies distributed two million JD and JD16 million of their total net profits comparatively in 2001. — (menareport.com)
© 2002 Mena Report (www.menareport.com)