JPRC marks JD38.3m profits in first 9 months of 2021

AMMAN — The Jordan Petroleum Refinery Company (JPRC) on Monday announced that it achieved profits of JD38.3 million after tax, in the first nine months of the year, compared with JD31.7 million-loss sustained during the same period of 2020, due to the impacts of the pandemic, notably the government-imposed pandemic lockdown.

The company said that profits from refining oil and filling gas cylinders totalled about JD17 million, activities from the   JRPC-owned Jordan Petroleum Products Marketing Company (JoPetrol) yielded profits of JD15.7 million and the lubricants factory generated JD5.5 million, the Jordan News Agency, Petra, reported.

The total assets of the refining activity, filling gas cylinders, the lubricants factory reached about JD1.1 billion by the end of last September. Highlighting the positive financial results by the end of the third quarter, the company noted that some products’ sales are still suffering from the effects of the pandemic.