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Jordan, February 17, 2020
Phosphate Company's profit at JOD43 million

Amman, Feb. 16 (Petra) -- The Phosphate Company's annual profit before tax stood JOD43 million, as opposed to JOD58. 3 million recorded in 2018.

The financial statements of the company, published on the website of the Amman Stock Exchange (ASE), showed that the profit after tax decreased to merely JOD18 million, while the profits were 47.5 million in 2018.

On the company's assets for the year 2019, it increased to a total of JOD1,162 billion, compared to 2018, which amounted to JOD1,122 billion.

Volumes of phosphate production at the end of 2019 increased to 9,144 million tons, compared to 8,022 million tons in 2018, and sales volumes of phosphate to 9,031 tons compared to 8,063 million tons in 2018.