Mubasher: Arab Weavers Union Company recorded an increase in losses by 187.6% in the third quarter of 2016 to JOD 505,810 ($711,250) compared to a net loss of JOD 175,900 in the third quarter of 2016, according to a bourse filing.
Losses also went up by 64.5% in the first nine months of 2016 to JOD 686,900 from JOD 417,620 in the same period last year, the company said in a statement to the Amman Stock Exchange (ASE) on Tuesday.
During the nine-month period, net sales declined by 34.33%, and reached JOD 3.4 million compared to JOD 5.2 million in the same period in 2015.
