Mubasher: National Oil and Electricity Production from Oil Shale announced on Monday that it trimmed its losses by 76.23% to JOD 60,360 in the first nine months of this year, compared to JOD 253,900 in the same period last year.
The company’s financial statements attributed the fall in profit to the expenses of studies and exploration work, as they costed the company JOD 189,280 in the first nine months of 2014.
The Amman listed company earlier posted a net loss of 16.53% to JOD 64,030 in H1-15.
