Losses of Jordan Paper and Card Board Factories declined by 47.3% to JOD 304.57 thousand in the first quarter of 2014 compared with JOD 577.96 thousand in the same period of 2013.

Losses per share declined to JOD 0.04 in the first quarter this year from JOD 0.077 in the same period last year.

Financial statement of the company showed that sales increased by 55.4% to JOD to JOD 1.8 million compared with JOD 1.18 million in the first quarter last year. This coincided with an increase in sales costs by 25.19% to JOD 1.59 million compared with JOD 1.27 million in the same period last year, hence, the company achieved net profits of JOD253.8 thousand in the first quarter this year compared with JOD 84.18 thousand losses in the same period of 2013.

The company had incurred losses by JOD 1.630 million last year compared with JOD 980.31 thousand losses in 2012, with an increase of 66.3%.