Modern Industries profit surges 86% in FY14


Universal Modern Industries announced its financial results to the Amman Stock Exchange (ASE) for 2014, reporting a rise in profit before taxes by 86.37% to JOD 1.188 million compared to JOD 637.9 THD during the same period last year.


It is worth noting that the Company had reported a profit surge by 118.8% to JOD 1.157 million during the first nine months of 2014, compared to JOD 400,000 in 2013.


It is worth highlighting the Company’s capital amounts to about JOD 6 million, distributed on 6 million shares at JOD 1 par value each.

 


Photo Credit: Arabianeye-Reuters

Mubasher Contribution Time: 18-Jan-2015 07:22 (GMT)