Jordan Phosphate Mines Company (JPMC) made JD490.4 million in pre-tax gross profit and JD316.6 million in net profit after tax by the end of the third quarter of this year.
The JPMC made a total profit before tax of almost JD182 million and a net profit after tax of JD114.7 million in the third quarter of this year alone. This represents a nearly 4-percent increase over the third quarter of the previous year.
The consolidated data showed that the group’s net sales at the end of the third quarter of this year amounted to JD857.8 million.
According to JPMC data, despite a significant decline in global fertilizer product prices, as well as a significant increase in insurance and shipping expenses during this period, the company was able to achieve attractive returns on capital, with the share of net profits during the first nine months of this year accounting for more than 127% of the nominal value of the share.
Comparing the third quarter of this year to the same period last year, JPMC’s business results sh
owed positive indicators in the production and export of phosphate, phosphoric acid, and phosphate fertilizers, confirming the viability of the company’s plans and its capacity to carry them out effectively and competently.
The JPMC is currently implementing the expansion of phosphoric acid production at the company’s industrial complex in Aqaba, as well as the establishment of a new sulfuric acid unit at the Indo-Jordanian Chemical Company’s factories, along with the expansion of the production of phosphoric acid factories.
Source: Jordan News Agency