JPMC earnings stand at JD35m

AMMAN — The Jordan Phosphate Mines Co. (JPMC) earnings before interest and taxes in the first quarter of 2021 stood at JD35.8 million, a 407 per cent increase compared with JD11.7 million during the same period in 2020, the Jordan News Agency, Petra, reported.

Chairman of the JPMC Mohammad Thneibat said the company's sales rose during the January-April 2021 period by 52.6 million, a 40 per cent improvement from the corresponding period in 2020. 

On the company's net sales in the first quarter of 2021, Thneibat said they stood at 184.4 million compared with 131.7 million in the corresponding period in 2020, adding that the net profit rose by 246.2 per cent during the first quarter of 2021 compared with the corresponding period in 2020.

He said the selling costs to sales ratio in the first quarter of 2021 stood at 61 per cent compared with 83 per cent in the corresponding period in 2020.  Thneibat highlighted that the operating income rose by 49.4 million in the first quarter of 2021 compared with 42.2 million in the corresponding period in 2020.