Amman, Feb. 16 (Petra) – The Jordan Phosphate Mines Company (JPMC) and its affiliated and subsidiary companies reported a pre-tax profit of JD607 million for 2024, with a net profit of JD462 million after tax, marking a 3.4% increase from JD447 million in 2023.

According to the company’s consolidated financial statements, the group’s net sales for 2024 amounted to JD1.213 billion, while shareholders’ equity saw a notable increase of over JD137 million, reflecting an 8% annual growth rate.

Despite a significant drop in global fertilizer prices, JPMC managed to achieve strong returns on capital, along with a notable rise in insurance and maritime shipping expenses. The earnings per share also increased from 180% of the nominal value in 2023 to 187% in 2024.

Additionally, the company reported positive performance indicators in terms of production and sales volumes for raw phosphate, phosphate fertilizers, and phosphoric acid compared to 2023, reaffirming the effectiveness of JPMC’s strategic plans and execution capabilities.

//Petra// AF
16/02/2025 22:45:11