The profits of the Jordanian Telecommunications Company (JTC) grew by 12 percent in the first half of 2000, reaching 36.7 million Jordanian dinars (JD), up from JD 32.7 million in the corresponding period of the previous year, reported Al-Hayat.
The company’s revenues increased from JD 125.8 million to JD 131.2 million during the first half of 2000, constituting a four percent rise. The demand for the company’s stocks has recently risen by 11 percent.
JTC was privatized on January as 40 percent of its shares were sold to the France Telecom-led consortium and minority partner Arab Bank, in a deal valued at $508 million.
According to Al-Quds newspaper, the company transferred JD 25.8 million to the local government as payment for income tax, sales tax, stamps and university fees. — (Albawaba-MEBG)
