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Pearl profits drop 86% in Q3

Pearl profits drop 86% in Q3
Profits decreased 34% in nine months - (Photo Credit: Arabianeye-Reuters)
Noor
PERL
-4.97% 3.25 -0.17

Mubasher: Pearl Sanitary Paper Converting Company reported an 86.2% growth in profits in the third quarter of 2016, to JOD 24,650 ($34,700) compared to JOD 13,240 ($18,650) in the same quarter last year, according to a bourse filing.

Meanwhile, profits declined 33.99% in the nine-month period that ended 30 September to JOD 38,890 from JOD 58,920 in the same period in 2015, the company said in a statement to the Amman Stock Exchange (ASE) on Monday.