Jordan’s National Cable 9M losses shrink 38%

Mubasher: Jordan’s National Cable and Wire Manufacturing Company reported on Thursday a net loss of JOD 201,600 in the first nine months of 2015.

The company trimmed its losses by 38.32% in the first nine months, compared to a loss of JOD 326,800 in the same period last year, according to its financial statements.

The statements showed a decline in the finance costs to JOD 241,690 during the period, down from JOD 500,240 in the same time year ago.

The Amman-listed company earlier posted a loss of JOD 137,100 in H1-15, versus JOD 8,050 in the same period in 2014. 

Mubasher Contribution Time: 26-Nov-2015 08:34 (GMT)