VOL. XXXII

NO. 18

6-FEBRUARY-1989

JORDAN

Jordan's 1988 Mining Profits Rise

The Jordan Phosphate Mines Company (JPMC) in 1988 posted a pre-tax profit ofJD22mn ($36.6mn), or 5 times more than JD4.3mn in 1987. The increase inprofitability is attributed to a rise in sales to 6.9mn tons, better worldprices, and the decline in the Jordanian dinar's value at the end of the year,according to JPMC's Managing Director, Mr. Wasif 'Azar. The company's fertilizerplant at 'Aqaba also made a profit, the first...