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Trading Information in the Regular Market

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.40 0.62 1.21
Value Traded (JD) 1,155,534 1,894,706 8,118,453
No. of Shares Traded 2,447,151 2,022,328 4,948,185
No. of Transactions 3,493 4,848 9,795
No. of Subscribed Shares 60,444,460 60,444,460 60,444,460
Market Capitalization (JD) 24,177,784 37,475,565 73,137,797
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash on Hand & at Banks 3,398,078 991,826 14,944,836
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 18,356,054 25,108,407 22,407,359
Spare Parts 1,498,223 9,633,208 9,869,049
Total Current Assets 56,386,242 62,486,880 78,611,024
Long Term Investments 167,994 171,949 176,695
Fixed Assets, Net 47,605,058 61,003,884 70,091,765
Lands 7,652,949 7,652,949 7,662,792
Projects in Progress 4,705,365 4,396,622 0
Total Fixed Assets 59,963,372 73,053,455 77,754,557
Other Assets 8,427,823 21,477,814 27,823,565
Total Assets 124,945,431 157,190,098 184,365,841

Liabilities (JD)

2019 2018 2017
Credit Banks 29,486,127 33,187,743 21,758,202
Short Term Loans 24,500,000 0 0
Accrued Part of Long Term Loans 11,250,000 8,193,723 5,000,000
Total Current Liabilities 144,373,549 110,445,054 100,907,649
Long Term Loans & Notes Payable 8,250,000 15,750,000 13,250,000
Corporate Bonds 0 0 0
Other Liabilities 42,540,105 28,335,000 26,295,000
Total Liabilities 195,163,654 154,530,054 140,452,649

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 60,444,460 60,444,460 60,444,460
Subscribed Capital 60,444,460 60,444,460 60,444,460
Paid in Capital 60,444,460 60,444,460 60,444,460
Compulsory Reserves 0 0 27,000,000
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 323 323 323
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value -69,566 -65,611 -60,865
Retained Earnings -135,739,787 -62,231,177 -49,773,188
Total Shareholders Equity -75,365,216 -1,852,651 37,610,084
Non-controlling Interest 5,146,993 4,512,695 6,303,108
Total Liabilities & Shareholders Equity 124,945,431 157,190,098 184,365,841

Income Statement (JD)

2019 2018 2017
Operating Revenues 63,432,024 61,672,790 82,889,764
Operating Expenses 62,704,484 71,533,722 72,410,039
Gross Profit 727,540 -9,860,932 10,479,725
General and Administrative Expenses 9,478,385 8,819,365 8,820,859
Selling and Distribution Expenses 1,835,684 2,186,228 1,518,246
Depreciation (Period) 6,295,860 5,695,454 6,859,411
Other Operating Expenses 6,890,820 81,708 68,760
Net Operating Income -17,477,349 -20,948,233 71,860
Other Revenues 1,977,761 12,803,521 1,462,424
Other Expenses 27,354,991 14,729,444 31,471,954
Income Before Interest & Tax -42,854,579 -22,874,156 -29,937,670
Interest Expenses 5,827,167 5,009,432 2,495,368
Net Income Before Tax -48,681,746 -27,883,588 -32,433,038
Income Tax (Period) 16,435,381 6,698,452 896,424
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -65,117,127 -34,582,040 -33,329,462
Non-controlling Interest 70,798 1,076,545 1,153,109
Net Income Pertains to Shareholders -65,187,925 -35,658,585 -34,482,571

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 991,826 14,944,836 5,418,284
Net Cash Flow from (Used in) Operating Activities -5,273,266 -26,026,675 -828,373
Net Cash Flow from (Used in) Investing Activities -722,062 1,086,833 493,483
Net Cash Flow from (Used in) Financing Activities 8,401,580 10,986,832 9,861,442
Cash Balance (Ending) 3,398,078 991,826 14,944,836

Financial Ratios

2019 2018 2017
Turnover Ratio % 4.049 3.346 8.186
Earning Per Share (JD) -1.079 -0.590 -0.571
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) -1.247 -0.031 0.622
Price Earnings Ratio (Times) -0.371 -1.051 -2.121
Dividend Yield % 0.000 0.000 0.000
Dividend Per Share to Earning Per Share % 0.000 0.000 0.000
Price to Book Value (Times) -0.321 -20.228 1.945
Gross Margin % 1.147 -15.989 12.643
Margin Before Interest and Tax % -67.560 -37.090 -36.118
Profit Margin % -102.657 -56.073 -40.209
Return On Assets % -52.117 -22.000 -18.078
Return On Equity % 86.496 1,924.733 -91.684
Debt Ratio % 156.199 98.308 76.182
Equity Ratio % -56.199 1.692 23.819
Interest Coverage Ratio (Times) -7.354 -4.566 -11.997
Total Assets Turnover (Times) 0.508 0.392 0.450
Fixed Assets Turnover (Times) 1.058 0.844 1.066
Working Capital Turnover (Times) -0.721 -1.286 -3.718
Current Ratio (Times) 0.391 0.566 0.779
Working Capital (JD) -87,987,307.000 -47,958,174.000 -22,296,625.000