Jordan Daily – The Jordan Phosphate Mines Company (JPMC) has announced its financial results for the first half of 2023, showcasing remarkable achievements despite facing challenges from plummeting global product prices.
According to the company’s disclosure, JPMC recorded total pre- tax profits of JD 305 million , with net profits reaching JD 214.3 million .
In comparison to the first quarter’s profits of JD 104 million , the second quarter displayed a noteworthy upswing of 6.3%, highlighting a clear and tangible improvement in the company’s financial performance.
The data further revealed a positive trend in net sales, as JPMC reported a total of JD 632 million in sales for the first half of 2023. The second quarter’s sales of JD 318.5 million outperformed the first quarter’s sales of 313.5 million dinars, indicating an encouraging recovery in sales figures.
Despite the formidable challenge posed by a nearly 30% decrease in product prices globally during the first half of 2023, the company demonstrated resilience and generated rewarding returns on capital. The profits per share during the first half of the year amounted to an impressive 87% of the nominal share value.
JPMC’s robust financial performance during the first half of 2023 reflects effective management strategies , and positions the company favorably for continued success in the face of market fluctuations.
