After-tax profit of ASE listed companies rises by 18%

AMMAN — Profit after tax of 194 out of 195 market-listed public shareholding companies which have provided the market with their financial statements, was 18 per cent higher for the first three-quarters of 2018 compared to their results at the end of the same period last year. 

In a statement released by the Jordan News Agency, Petra, the Amman Stock Exchange (ASE) market Chief Executive Officer Nader Azar said their profit rose to JD900.2 million from JD762, 7 million. 

The industrial sector topped the list of the companies which recorded higher profit, followed by the financial sector. As for the service sector, its profit dropped by 7.1 per cent, according to the statement. 

In terms of companies’ overall performance, the ASE data revealed that a total of 117 market-listed companies posted profit during the January through September period of 2018.

 Out of those, 65 companies recorded better results in the first three-quarters of 2018 while 77 companies posted losses in comparison with their results during the same period last year, the statement said. 

Also, out of those 117 companies, 29 firms managed to reduce their losses compared to those recorded in the same period of 2017, the statement indicated.