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FINANCIAL NEWS
Jordan’s JPRC increases capital to USD 140.69mn
03 May 2016
(MENAFN) The Jordan Petroleum Refinery Co. (JPRC) proclaimed its board of directors’ recommendation to grow the firm’s capital by 33 percent to USD 140.69mn.
Furthermore, the growth was covered through the capitalization of USD 35.17mn of earnings and distributing them as free stocks to shareholders.
In addition, the assembly confirmed 10 percent of the earnings on shareholders and giving a USD 2.72mn of optional reserves to retained revenues.
However, JPRC’s revenues declined by USD 3.798mn, due to the update of its station and therefore went out of service.
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