JPMC records $1.7 million net profit in 1H 2002
The Jordan Phosphate Mines Company (JPMC) recorded a 1.2 million Jordanian dinar ($1.7 million) net income in the first six months of 2002 compared with losses of JD 10 million during the same period last year.
JPMC’s sales rose to JD 93 million in the first half of the year compared to JD 88 million during the first six months of 2001. Company assets declined by 2.5 percent, while shareholder's equity rose by one percent.
State-owned JPMC is ranked the sixth largest phosphate producer and the third largest exporter in the world. The Kingdom’s phosphate exports registered a 1.2 percent increase in 2001, from $127.1 million to $128.8 million. — (menareport.com)
© 2002 Mena Report (www.menareport.com)