Profits of ASE-listed companies up by 285% in Q3 2021

AMMAN — The Deputy Chief Executive Officer of the Amman Stock Exchange (ASE) Bassam Abu Abbas on Monday said that 168 out of 173 listed companies provided the ASE with their financial statements for the period ending on September 30. 

The profits after tax attributed to shareholders for the ASE-listed public shareholding companies amounted to JD883 million, compared with JD229.3 million for the same companies for the same period of 2020. This amount marked an increase of 285 per cent, the ASE announced on its website. 

The profits before tax amounted to JD1.273 billion for the first three quarters of 2021, compared with JD438.5 million for the same period of 2020, which represents an increase of 190.4 per cent.

For the industrial sector, profits after tax attributed to the shareholders of companies amounted to JD336.2 million, compared with JD61 million for the same period of 2020, which represents an increase of 452.1 per cent. 

For the services sector, the profits after tax attributed to shareholders showed a positive value of JD80.6 million, compared with a negative value of JD38.9 million for the same period of 2020, which represents an increase of 307.2 per cent. 

As for the financial sector, the profits after tax attributed to shareholders amounted to JD466.1 million, compared with JD207.4 million for the same period of 2020, which represents an increase of 124.8 per cent.