Amman-Mubasher: Jordan Wood Industries Co’s (JWICO) losses narrowed 11.4% to JOD 498,000 in the three-month period ended 31 March 2015, compared to JOD 562,100 ($790,500) in the same period of 2014, according to a bourse statement.

The company previously reported profits of JOD 92,670 in 2014, against losses of JOD 1.06 million in 2013.

JWICO’s capital amounts to JOD 5 million, distributed on 5 million shares.