Salam International Q1 losses deepen to JOD 460,800

Amman-Mubasher: Salam International Transport and Trading Company (SITTCo) reported a 1444.2% surge in losses to JOD 460,800 ($649,500) in the first quarter of 2015, compared to JOD 29,840 ($42,100) in the same quarter of 2014, according to a filing to Amman Stock Exchange.

The company’s losses soared 298% to JOD 1.93 million in 2014, compared to JOD 485,100 in 2013.

SITTCo’s capital amounts to JOD 15 million, distributed on 15 million shares.

Mubasher Contribution Time: 17-May-2015 07:32 (GMT)