The non-settlement with the government is the major bottleneck
JOPETROL reported a 32.7% decline in FY2016 revenues to JOD1.762bn compared to JOD2.618bn in 2015. The company’s Net profit increased by 4.8% to JOD32.85m, compared to JOD31.35m in 2015. The company’s sold quantities of petroleum products for 2016 amounted to 4,661,026 tons vs 6,261,097 tons in 2015, i.e. a decrease by 26%.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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