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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.53 0.69 0.79
Value Traded (JD) 4,920 3,712 29,835
No. of Shares Traded 8,652 5,429 35,280
No. of Transactions 20 28 17
No. of Subscribed Shares 30,000,000 30,000,000 30,000,000
Market Capitalization (JD) 15,900,000 20,700,000 23,700,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash on Hand & at Banks 497,038 754,925 522,822
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 17,053,390 18,420,571 21,020,518
Spare Parts 0 0 0
Total Current Assets 28,158,838 44,742,766 44,854,131
Long Term Investments 1,749,079 0 0
Fixed Assets, Net 26,949,050 29,105,879 32,391,799
Lands 0 0 0
Projects in Progress 317,400 899,511 0
Total Fixed Assets 27,266,450 30,005,390 32,391,799
Other Assets 9,341,888 0 0
Total Assets 66,516,255 74,748,156 77,245,930

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 11,957,018 15,555,483 10,187,617
Long Term Loans & Notes Payable 0 0 0
Corporate Bonds 0 0 0
Other Liabilities 153,228 0 0
Total Liabilities 12,110,246 15,555,483 10,187,617

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 30,000,000 30,000,000 30,000,000
Subscribed Capital 30,000,000 30,000,000 30,000,000
Paid in Capital 30,000,000 30,000,000 30,000,000
Compulsory Reserves 2,529,438 2,529,438 2,207,758
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 0 0 0
Retained Earnings 21,876,571 26,663,235 34,850,555
Total Shareholders Equity 54,406,009 59,192,673 67,058,313
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 66,516,255 74,748,156 77,245,930

Income Statement (JD)

2019 2018 2017
Operating Revenues 63,218,092 73,666,414 71,390,015
Operating Expenses 59,755,039 71,426,117 65,590,952
Gross Profit 3,463,053 2,240,297 5,799,063
General and Administrative Expenses 2,361,210 2,740,760 2,104,060
Selling and Distribution Expenses 2,802,369 3,059,413 3,217,140
Depreciation (Period) 4,529,007 4,520,741 4,186,459
Other Operating Expenses 5,340,474 2,110,891 817,490
Net Operating Income -7,041,000 -5,670,767 -339,627
Other Revenues 2,495,056 183,903 52,980
Other Expenses 15,821 0 35,000
Income Before Interest & Tax -4,561,765 -5,486,864 -321,647
Interest Expenses 0 0 0
Net Income Before Tax -4,561,765 -5,486,864 -321,647
Income Tax (Period) 224,899 559,188 261,915
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -4,786,664 -6,046,052 -583,562
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -4,786,664 -6,046,052 -583,562

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 754,925 522,822 910,545
Net Cash Flow from (Used in) Operating Activities 2,802,766 -3,027,521 623,474
Net Cash Flow from (Used in) Investing Activities -1,621,179 -2,112,106 -987,978
Net Cash Flow from (Used in) Financing Activities -1,439,474 5,371,730 -23,219
Cash Balance (Ending) 497,038 754,925 522,822

Financial Ratios

2019 2018 2017
Turnover Ratio % 0.029 0.018 0.118
Earning Per Share (JD) -0.160 -0.202 -0.020
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 1.814 1.973 2.235
Price Earnings Ratio (Times) -3.322 -3.424 -40.613
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) 0.292 0.350 0.353
Gross Margin % 5.478 3.041 8.123
Margin Before Interest and Tax % -7.216 -7.448 -0.451
Profit Margin % -7.572 -8.207 -0.817
Return On Assets % -7.196 -8.089 -0.756
Return On Equity % -8.798 -10.214 -0.870
Debt Ratio % 18.206 20.811 13.189
Equity Ratio % 81.794 79.190 86.812
Interest Coverage Ratio (Times) 0.000 0.000 0.000
Total Assets Turnover (Times) 0.950 0.986 0.924
Fixed Assets Turnover (Times) 2.319 2.455 2.204
Working Capital Turnover (Times) 3.902 2.524 2.059
Current Ratio (Times) 2.355 2.876 4.403
Working Capital (JD) 16,201,820.000 29,187,283.000 34,666,514.000