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UMIC profits grow 16% in H1

UMIC profits grow 16% in H1
Photo Credit: Arabianeye-Reuters

Amman-Mubasher: Universal Modern Industries (UMIC) reported a 15.86% growth in profits to JOD 907,510 ($1.27 million) in the first half of 2015, compared to JOD 783,280 ($1.1 million) in the same half of 2014, as published by Amman’s bourse.

The company’s profits declined 20.5% to JOD 275,720 ($388,600) in the first quarter of 2015, compared to JOD 346,750 ($488,730) in the same quarter of 2014.