Net profit after tax attributable to shareholders plunges in H1— ASE

AMMAN — Net profit after tax attributable to shareholders for the first half of 2020 for the companies listed at the Amman Stock Exchange (ASE) which have provided financial reports fell to JD43.3 million, compared to JD596.9 million for the first half of 2019, a decrease of 92.7 per cent, according to ASE CEO Mazen Wathaifi. 

In a statement posted on the bourse website, he said the service sector profit after tax attributable to shareholders fell by 322.6 per cent, adding that energy, utilities, transport, hotels and tourism services were the hardest hit in the field. 

The financial sector, as a whole, saw a drop by 62.6 per cent, with banking seeing the biggest drop, according to the Bourse CEO.

The industrial Sector saw a 56.5 per cent decrease, with mining and quarries receiving the hardest blow, he added.