Dar Al Dawa slashs 9M profit on unfavourable currency moves

Mubasher: Jordan’s Dar Al Dawa Development and Investment posted on Thursday a net profit of JOD 1.43 million in the first nine months of 2015.

Profit declined 52.7% compared to a net profit of JOD 3.03 million in the same period last year, according to the company’s financial statements.

The company’s financials also showed a drop in sales to JOD 41.85 million in the first nine months, versus about JOD 47.46 million in the same period of 2014.

Profit was affected by foreign currency translation which cost the company near JOD 2.77 million for the period, compared to JOD 261,570 in the same period last year.

 

Mubasher Contribution Time: 10-Dec-2015 07:36 (GMT)