Jordan Investment Trust PLC (Jordinvest), one of the leading providers of comprehensive merchant, financial and investment services locally and regionally, announced its mid-year financial results, revealing net profits in the first half of 2010 worth JD1,490,036, a 189 % increase from the company’s results in the first half of 2009.
The overall value of Jordinvest’s debts has decreased by 98% reaching JD 152,667compared to JD 8,284,246in the same period of 2009. Similarly, Jordinvest’s administrative expenses have also decreased by 39% reaching JD 711,470 in comparison to 2009.
Mr. Ahmad Tantash, Chairman and CEO of Jordinvest, commented on the results by saying: "We are proud of this exceptional financial performance that is the outcome of Jordinvest's competent human capital, in addition to the trust our clients have granted us with, be they individual investors or institutions. It has motivated us to exert all efforts possible to achieve results surpassing all expectations."
He added, "Our success today is a true verdict to the success of our strategy; but concurrently, it places a colossal liability on our shoulders towards our clients and partners, not only in maintaining Jordinvest's level of service but to build on it in order to walk a further mile. We will work diligently to achieve our goal of creating new opportunities in local and regional markets in order to expand our clients' investments and provide them with comprehensive services. We pledge to maintain this approach and incorporate the latest in the industry to improve our performance to keep up with the growth in domestic, regional and international financial markets.”
Jordinvest established its operations in the Jordanian market in 1998 as the first Jordanian public shareholding company to offer its clients a variety of integrated investment banking services in domestic, regional and international markets. Its services are primarily focused in asset management and financial advisory services, and include corporate restructuring, debt and capital raising, privatization operations, managing public offerings, issuing bonds, mergers and acquisitions, and conducting in-depth specialized economic, sectoral and equity research.
