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FINANCIAL NEWS
Jordan’s Steel profits fall by 98 percent in Q2
01 Aug 2016
(MENAFN) Jordan Steel Company profits declined to 98 percent in the second quarter of this year, to reach USD12.79mn from USD543.475mn in the same quarter last year.
Additionally, the main cause of the drop was attributed to lower sales, which reached 755.25 percent to USD 7.45mn in Q2 2016.
On the other hand, profits grew by 6.8 percent to USD628.39mn, from USD588.34mn in the same period last year.
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