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Jordan Electric swings to profit in 2014

Jordan Electric swings to profit in 2014
Photo Credit: Arabianeye-Reuters
JEPCO
JOEP
1.17% 2.59 0.03

Cairo-Mubasher: Jordan Electric Power Co. reported earnings of JOD 441 thousand ($622 thousand) for 2014, against losses of JOD 10.6 million ($14.88 million) in 2013.

Net operating revenue climbed 36.7% year-on-year to JOD 91.23 million.

The government had renewed the company’s franchise contract for 20 years

The company operates with JOD 75 million capital, divided into 75 million shares.