Financial statements of Middle East Specialized Cables Co showed that the company’s losses declined by 53.4% to JOD 1.22 million in the first half of 2014 compared with JOD 2.41 million losses in the same period of 2013.

Sales increased by 34.9% to JOD 21 million compared with JOD 15.5 million in the first half of the last year.

Losses per share amounted JOD 0.032 in H1-14 against JOD 0.063 in H1-13.

The company’s losses had declined by 89.4% to JOD 142.26 thousand in the second quarter of the current year against JOD 1.34 million losses in the second quarter of the last year.