Mubasher: Jordan’s Investments and Integrated Industries managed to grow its nine-month profit 57.07% to JOD 507,330 this year, versus JOD 322,970 in the same period last year.
Profit rose despite the fall in sales to JOD 6.98 million this year, compared to JOD 7.47 million reached in the first nine months of 2014, as the company reduced provisions for bad debts which worth more than JOD 100,000, according to the company’s financial statement.
The Amman listed company earlier posted a 21.87% fall in H1-15 profit to JOD 595,100.
