Mubasher: Jordan Electric Power Company reported a decline in profits in the third quarter of 2016 by 23% to JOD 20.12 million ($28.37) compared to JOD 26.09 million ($36.8 million) in the same quarter last year.

Profits also declined by 26% in the first nine month of the year to JOD 16.83 million from JOD 23 million in the same period in 2015, the company said in a bourse filing on Monday.