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FINANCIAL NEWS
Jordan Phosphate Co. to raise capital to USD 116.31mn
17 Apr 2016
(MENAFN) Jordan Phosphate Mines Co. (JPMC) will raise capital by 10 percent to USD 116.31mn as authorized by shareholders.
Moreover, the firm will be capitalizing USD 10.57mn of retained earnings and distributing it as bonus shares to investors.
The firm last year achieved the targeted level, with operational profit at USD 87.41mn, compared to USD 70.7mn in 2014.
Additionally, net sales in 2015 reached USD 1.05mn, compared to USD 1.041mn in 2014, assets totaled USD 1.69bn.
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