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JMRC profits rise 30% in Q1

JMRC profits rise 30% in Q1
Photo Credit: Arabianeye-Reuters
JMRC
JMRC
129.01% 1.20 0.67

Amman-Mubasher: Jordan Mortgage Refinance Company (JMRC) reported a 30% profit growth to JOD 312,950 ($441,100) in the first quarter of 2015, compared to JOD 240,800 ($339,400) in the same quarter of 2014, according to a filing to Amman Stock Exchange.

JMRC previously posted a profit of JOD 972,690 in 2014, compared to JOD 1.05 million in 2013.

The Jordan-based firm’s capital amounts to JOD 5 million, distributed on 5 million shares.