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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.16 0.22 0.30
Value Traded (JD) 1,345,028 2,120,595 3,177,477
No. of Shares Traded 6,582,788 8,441,019 9,825,449
No. of Transactions 3,378 3,746 4,478
No. of Subscribed Shares 19,299,747 19,299,747 19,299,747
Market Capitalization (JD) 3,087,960 4,245,944 5,789,924
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash on Hand & at Banks 219,421 37,430 369,455
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 7,693,002 8,741,866 8,190,221
Spare Parts 0 0 0
Total Current Assets 13,966,793 17,258,263 18,124,633
Long Term Investments 42,958 42,958 42,958
Fixed Assets, Net 9,740,949 10,567,658 10,072,423
Lands 351,178 351,178 351,178
Projects in Progress 0 0 550,000
Total Fixed Assets 10,092,127 10,918,836 10,973,601
Other Assets 1,935,740 800,000 0
Total Assets 26,037,618 29,020,057 29,141,192

Liabilities (JD)

2019 2018 2017
Credit Banks 0 0 0
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 0
Total Current Liabilities 10,462,924 10,857,651 9,939,357
Long Term Loans & Notes Payable 1,314,424 1,800,652 605,010
Corporate Bonds 0 0 0
Other Liabilities 0 0 550,000
Total Liabilities 11,777,348 12,658,303 11,094,367

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 19,299,747 19,299,747 19,299,747
Subscribed Capital 19,299,747 19,299,747 19,299,747
Paid in Capital 19,299,747 19,299,747 19,299,747
Compulsory Reserves 2,712,777 2,712,777 2,712,777
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value -20,768 -20,768 -20,768
Retained Earnings -7,731,486 -5,630,002 -3,944,931
Total Shareholders Equity 14,260,270 16,361,754 18,046,825
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 26,037,618 29,020,057 29,141,192

Income Statement (JD)

2019 2018 2017
Operating Revenues 9,369,425 13,838,689 16,230,322
Operating Expenses 9,618,925 13,354,636 15,782,447
Gross Profit -249,500 484,053 447,875
General and Administrative Expenses 501,433 484,184 482,244
Selling and Distribution Expenses 213,203 206,966 401,144
Depreciation (Period) 872,080 854,702 834,952
Other Operating Expenses 458,000 214,211 77,250
Net Operating Income -1,422,136 -421,308 -512,763
Other Revenues 8,256 0 1,724
Other Expenses 0 0 0
Income Before Interest & Tax -1,413,880 -421,308 -511,039
Interest Expenses 687,604 816,925 794,060
Net Income Before Tax -2,101,484 -1,238,233 -1,305,099
Income Tax (Period) 0 0 0
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -2,101,484 -1,238,233 -1,305,099
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -2,101,484 -1,238,233 -1,305,099

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 37,430 369,455 495,619
Net Cash Flow from (Used in) Operating Activities 1,639,272 -281,411 -1,340,560
Net Cash Flow from (Used in) Investing Activities -37,115 -1,349,937 -30,967
Net Cash Flow from (Used in) Financing Activities -1,420,166 1,299,323 1,245,363
Cash Balance (Ending) 219,421 37,430 369,455

Financial Ratios

2019 2018 2017
Turnover Ratio % 34.11 43.74 50.91
Earning Per Share (JD) -0.11 -0.06 -0.07
Dividend Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 0.74 0.85 0.94
Price Earnings Ratio (Times) -1.47 -3.43 -4.44
Dividend Yield % 0.00 0.00 0.00
Dividend Per Share to Earning Per Share % 0.00 0.00 0.00
Price to Book Value (Times) 0.22 0.26 0.32
Gross Margin % -2.66 3.50 2.76
Margin Before Interest and Tax % -15.09 -3.04 -3.15
Profit Margin % -22.43 -8.95 -8.04
Return On Assets % -8.07 -4.27 -4.48
Return On Equity % -14.74 -7.57 -7.23
Debt Ratio % 45.23 43.62 38.07
Equity Ratio % 54.77 56.38 61.93
Interest Coverage Ratio (Times) -2.06 -0.52 -0.64
Total Assets Turnover (Times) 0.36 0.48 0.56
Fixed Assets Turnover (Times) 0.93 1.27 1.48
Working Capital Turnover (Times) 2.67 2.16 1.98
Current Ratio (Times) 1.33 1.59 1.82
Working Capital (JD) 3,503,869.00 6,400,612.00 8,185,276.00