Jordan Electric swings to profit in 2014

Cairo-Mubasher: Jordan Electric Power Co. reported earnings of JOD 441 thousand ($622 thousand) for 2014, against losses of JOD 10.6 million ($14.88 million) in 2013.

Net operating revenue climbed 36.7% year-on-year to JOD 91.23 million.

The government had renewed the company’s franchise contract for 20 years

The company operates with JOD 75 million capital, divided into 75 million shares.

 

MUBASHER Contribution Time: 16-Feb-2015 11:07 (GMT)