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Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.22 0.30 0.32
Value Traded (JD) 2,120,595 3,177,477 4,017,849
No. of Shares Traded 8,441,019 9,825,449 11,215,474
No. of Transactions 3,746 4,478 4,510
No. of Subscribed Shares 19,299,747 19,299,747 19,299,747
Market Capitalization (JD) 4,245,944 5,789,924 6,175,919
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Cash on Hand & at Banks 37,430 369,455 495,619
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 8,741,866 8,190,221 8,521,025
Spare Parts 0 0 0
Total Current Assets 17,258,263 18,124,633 16,643,069
Long Term Investments 42,958 42,958 42,958
Fixed Assets, Net 10,567,658 10,072,423 11,227,586
Lands 351,178 351,178 0
Projects in Progress 0 550,000 0
Total Fixed Assets 10,918,836 10,973,601 11,227,586
Other Assets 800,000 0 0
Total Assets 29,020,057 29,141,192 27,913,613

Liabilities (JD)

2018 2017 2016
Credit Banks 0 0 0
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 0
Total Current Liabilities 10,857,651 9,939,357 8,073,607
Long Term Loans & Notes Payable 1,800,652 605,010 488,082
Corporate Bonds 0 0 0
Other Liabilities 0 550,000 0
Total Liabilities 12,658,303 11,094,367 8,561,689

Shareholders Equity (JD)

2018 2017 2016
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 -5,630,002 -3,944,931 -2,639,832
Total Shareholders Equity 16,361,754 18,046,825 19,351,924
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 29,020,057 29,141,192 27,913,613

Income Statement (JD)

2018 2017 2016
Operating Revenues 13,838,689 16,230,322 15,249,572
Operating Expenses 13,354,636 15,782,447 14,484,576
Gross Profit 484,053 447,875 764,996
General and Administrative Expenses 484,184 482,244 486,504
Selling and Distribution Expenses 206,966 401,144 304,578
Depreciation (Period) 854,702 834,952 839,328
Other Operating Expenses 214,211 77,250 306,311
Net Operating Income -421,308 -512,763 -332,397
Other Revenues 0 1,724 431
Other Expenses 0 0 0
Income Before Interest & Tax -421,308 -511,039 -331,966
Interest Expenses 816,925 794,060 1,281,527
Net Income Before Tax -1,238,233 -1,305,099 -1,613,493
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 -1,238,233 -1,305,099 -1,613,493
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -1,238,233 -1,305,099 -1,613,493

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 369,455 495,619 610,419
Net Cash Flow from (Used in) Operating Activities -281,411 -1,340,560 4,814,390
Net Cash Flow from (Used in) Investing Activities -1,349,937 -30,967 -27,002
Net Cash Flow from (Used in) Financing Activities 1,299,323 1,245,363 -4,902,188
Cash Balance (Ending) 37,430 369,455 495,619

Financial Ratios

2018 2017 2016
Turnover Ratio % 43.74 50.91 58.11
Earning Per Share (JD) -0.06 -0.07 -0.08
Dividend Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 0.85 0.94 1.00
Price Earnings Ratio (Times) -3.43 -4.44 -3.83
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) 0.26 0.32 0.32
Gross Margin % 3.50 2.76 5.02
Margin Before Interest and Tax % -3.04 -3.15 -2.18
Profit Margin % -8.95 -8.04 -10.58
Return On Assets % -4.27 -4.48 -5.78
Return On Equity % -7.57 -7.23 -8.34
Debt Ratio % 43.62 38.07 30.67
Equity Ratio % 56.38 61.93 69.33
Interest Coverage Ratio (Times) -0.52 -0.64 -0.26
Total Assets Turnover (Times) 0.48 0.56 0.55
Fixed Assets Turnover (Times) 1.27 1.48 1.36
Working Capital Turnover (Times) 2.16 1.98 1.78
Current Ratio (Times) 1.59 1.82 2.06
Working Capital (JD) 6,400,612.00 8,185,276.00 8,569,462.00