Middle East Economic Survey
JPMC Reports 15% Fall In Profits To $6Mn in 2004
Jordan Phosphate Mines Company (JPMC) has reported a net profit of JD4.329mn ($6.1mn) in 2004, down 15% from JD5.064mn ($7.1mn) in 2003. Net shareholders equity increased slightly to JD128.4mn ($181.0mn) from JD124.1mn ($175.0mn) in 2003 and the companys total revenue rose to JD273mn ($384.9mn) from JD205mn ($289.1mn) in 2003. The company in 2004 produced 6.2mn tons of dry phosphate...