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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.68 1.65 0.99
Value Traded (JD) 1,867 71,414 238,216
No. of Shares Traded 1,045 45,140 262,288
No. of Transactions 5 14 74
No. of Subscribed Shares 5,000,000 5,000,000 7,500,000
Market Capitalization (JD) 8,400,000 8,250,000 7,425,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash on Hand & at Banks 59,039 47,543 16,751
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 0 0 0
Spare Parts 548,443 529,763 527,217
Total Current Assets 3,886,160 2,545,112 2,426,774
Long Term Investments 1,422 3,850 5,600
Fixed Assets, Net 11,714,122 8,579,506 5,763,470
Lands 1,219,234 1,219,234 1,219,234
Projects in Progress 48,280 55,780 0
Total Fixed Assets 12,981,636 9,854,520 6,982,704
Other Assets 0 0 49,993
Total Assets 16,869,218 12,403,482 9,465,071

Liabilities (JD)

2019 2018 2017
Credit Banks 507,815 312,342 50,023
Short Term Loans 1,854,174 1,166,604 802,992
Accrued Part of Long Term Loans 0 0 0
Total Current Liabilities 4,202,021 2,821,437 1,561,806
Long Term Loans & Notes Payable 6,513,894 4,142,441 2,708,596
Corporate Bonds 0 0 0
Other Liabilities 0 0 158,826
Total Liabilities 10,715,915 6,963,878 4,429,228

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 5,000,000 5,000,000 7,500,000
Subscribed Capital 5,000,000 5,000,000 7,500,000
Paid in Capital 5,000,000 5,000,000 7,500,000
Compulsory Reserves 208,428 91,594 454,686
Voluntary Reserve 233,668 0 0
Other Reserves 233,668 0 0
Purchase of Non-controlling interest differences 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 250,000 250,000 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value -14,878 -12,450 -10,700
Retained Earnings 242,417 110,460 -2,908,143
Total Shareholders Equity 6,153,303 5,439,604 5,035,843
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 16,869,218 12,403,482 9,465,071

Income Statement (JD)

2019 2018 2017
Operating Revenues 9,639,227 6,003,112 4,247,974
Operating Expenses 6,911,754 4,506,889 3,204,420
Gross Profit 2,727,473 1,496,223 1,043,554
General and Administrative Expenses 1,091,074 706,778 647,731
Selling and Distribution Expenses 0 0 0
Depreciation (Period) 1,193,842 887,033 748,394
Other Operating Expenses 0 0 0
Net Operational Income 1,636,399 789,445 395,823
Other Revenues 150,352 39,895 196,864
Other Expenses 16,615 9,965 434
Income Before Interest & Tax 1,770,136 819,375 592,253
Interest Expenses 601,799 368,864 203,658
Net Income Before Tax 1,168,337 450,511 388,595
Income Tax (period) 202,210 0 0
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 35,000 34,974
Net Income 966,127 415,511 353,621
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders 966,127 415,511 353,621

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 47,543 16,751 16,751
Net Cash Flow from (Used in) Operating Activities 920,080 2,342,767 607,034
Net Cash Flow from (Used in) Investing Activities -4,209,736 -3,747,702 -3,989,372
Net Cash Flow from (Used in) Financing Activities 3,301,152 1,435,727 3,382,338
Cash Balance (Ending) 59,039 47,543 16,751

Financial Ratios

2019 2018 2017
Turnover Ratio % 0.021 0.903 3.497
Earning Per Share (JD) 0.193 0.083 0.047
Dividend Per Share (JD) 0.050 0.050 0.000
Book Value Per Share (JD) 1.231 1.088 0.671
Price Earnings Ratio (Times) 8.695 19.855 20.997
Dividend Yield % 2.976 3.030 0.000
Dividends Per Share to Earning Per Share % 25.877 60.167 0.000
Price to Book Value (Times) 1.3651 1.5167 1.4744
Gross Margin % 28.296 24.924 24.566
Margin Before Interest and Tax % 18.364 13.649 13.942
Profit Margin % 10.023 6.922 8.325
Return On Assets % 5.727 3.350 3.736
Return On Equity % 15.701 7.639 7.022
Debt Ratio % 63.524 56.145 46.796
Equity Ratio % 36.477 43.856 53.205
Interest Coverage Ratio (Times) 2.941 2.221 2.908
Total Assets Turnover (Times) 0.571 0.484 0.449
Fixed Assets Turnover (Times) 0.743 0.609 0.608
Working Capital Turnover (Times) -30.517 -21.725 4.911
Current Ratio (Times) 0.925 0.902 1.554
Working Capital (JD) -315,861.000 -276,325.000 864,968.000