The downfall continues with Q3 figures
Q3 sales decreased by 7.3%, yoy, from JOD12M to JOD11.1M. The revenues till September 2015 amounted to JOD41.9M compared to JOD47.5M a year later. The quarter’s net profit increased from a loss of JOD1.2M to a profit of JOD0.5M, thanks to a provision reduction of JOD0.6M and a drop of finance charges (-36.4%). The nine months’ net profit dwindled from JOD2.9M, in 2014, to JOD1.3M in 2015.
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