Jordan Phosphate Mines Co. gross profit rises by 132% in 2014
Published: Tuesday, 18 November 2014
A number of new JV facilities could result in increased future profitability, according to JMPC’s chairman. The company has been expanding its operations to more than just domestic phosphate rock production, and wishes to become more vertically integrated in the future.
The Jordan Phosphate Mines Co. (JPMC)
reported a net profit of Jordanian dinar (JD) 8.7m ($12.3m*)
for the first nine months of 2014.Gross profit for the same
period, meanwhile, rose by 132% to JD 34m ($48m).
JPMC’s chairperson, Amer Majali, said that the
rise in operating profit was...