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National Portfolio losses increase to JOD 179 THD

National Portfolio losses increase to JOD 179 THD
Mahfaza
MHFZ
3.30% 0.94 0.03
National Portfolio Securities announced that its losses increased by 150.3% to JOD 179.29 thousand in the first six months of 2014 compared with JOD 71.6 thousand in the same period of 2013.

Losses per share hit JOD 0.018 in H1-14 against JOD 0.007 in H1-13.

Financial statements showed that the company’s total revenues in the first half this year declined by 39.6% to JOD 130 thousand from JOD 215.5 thousand in the first half last year.

Total expenses of the company rose by 7.7% to JOD 309.3 thousand in the first half this year against JOD 287.14 thousand last year.

Losses of the company during the second quarter of 2014 increased to JOD 149.5 thousand compared with JOD 82 thousand in the second quarter last year.