Mubasher: Jordan’s Ejada for Financial Investments (EJAD) reported Wednesday a net loss of JOD 119,300 ($167,500) in the first nine months of 2015.
The Amman listed company trimmed its losses by 11.76%, compared to a loss of JOD 135,200 ($189,900) in the January-September period of 2014.
EJAD’s financial statements showed zero revenues from the land sales, compared to JOD 142,450) in the same period last year. Other revenues also dropped to JOD 1,260 versus JOD 1,260 in the same period of 2014.
General and administrative expenses, however, reduced to JOD 119,380 in the above period, against JOD 284,610 in the same time last year.
The company earlier posted a net loss of JOD 92,080 ($129,400) in H1-15, compared to JOD 71,440 ($100,400) in the same period of 2014.
