El Zay Ready Wear Manufacturing announced that its profits declined by 50.2% to JOD 58.5 thousand during the first half of 2014 against JOD 117.3 thousand profits during the same period of 2013.

Earnings per share declined also to JOD 0.004 during the first half of 2014 from JOD 0.008 during the same period of 2013.

Sales, administration and distribution expenses caused the profits decline. Sales and distribution expenses declined by JOD 43.25 thousand compared with first half of the last year, while administration expenses declined by JOD 46.2 thousand.

In the second quarter of 2014, the company’s profits declined by 8% to JOD 264.5 thousand compared with JOD 287.9 thousand during the same period of 2013.