Comprehensive Leasing losses widen in Q4

Mubasher: The annual financial statement of Comprehensive Leasing Co. showed that the company’s Q4-15 losses deepened 13.85% to JOD 1.1 million ($1.5 million), compared to JOD 970,000 ($1.3 million) the year-ago quarter.

The company’s profit for 2015 grew 16.09% year-over-year from JOD 469,980 ($660,780) to JOD 545,630 ($767,130).

The ordinary general meeting approved of the distribution of cash dividends at 17% of capital to shareholders of record until 8 February, 2016.

In the first nine-month period of 2015, profits rose 14.79% to JOD 1.65 million ($2.33 million), compared to JOD 1.44 million ($2.03 million) for the year-ago period. 

Mubasher Contribution Time: 10-Feb-2016 11:29 (GMT)