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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.38 0.33 0.39
Value Traded (JD) 3,459,047 8,495,247 5,400,494
No. of Shares Traded 9,025,239 18,322,723 13,112,556
No. of Transactions 3,541 7,972 5,293
No. of Subscribed Shares 35,000,000 35,000,000 40,000,000
Market Capitalization (JD) 13,300,000 11,550,000 15,600,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash on Hand & at Banks 2,256,617 2,128,109 7,841,768
Notes Receivable 760,415 723,180 631,257
Short Term Investments 0 0 0
Inventory 9,254,679 14,666,450 17,340,546
Spare Parts 934,427 986,053 800,032
Total Current Assets 28,369,891 31,691,946 35,171,624
Long Term Investments 0 0 0
Fixed Assets, Net 14,721,693 15,897,359 14,091,357
Lands 465,403 465,403 465,403
Projects in Progress 0 0 1,271,495
Total Fixed Assets 15,187,096 16,362,762 15,828,255
Other Assets 1,048,075 1,814,130 3,130,029
Total Assets 44,605,062 49,868,838 54,129,908

Liabilities (JD)

2019 2018 2017
Credit Banks 0 0 0
Short Term Loans 0 0 7,368,322
Accrued Part of Long Term Loans 3,584,947 12,053,930 0
Total Current Liabilities 10,195,959 14,287,401 11,382,896
Long Term Loans & Notes Payable 1,133,945 1,623,219 836,000
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 11,329,904 15,910,620 12,218,896

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 35,000,000 35,000,000 40,000,000
Subscribed Capital 35,000,000 35,000,000 40,000,000
Paid in Capital 35,000,000 35,000,000 40,000,000
Compulsory Reserves 684,749 684,749 684,749
Voluntary Reserve 14,418 14,418 14,418
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 0 1,200,000
Stock Dividends 0 0 0
Accumulated Change in Fair Value 0 0 0
Retained Earnings -2,424,009 -1,740,949 11,845
Total Shareholders Equity 33,275,158 33,958,218 41,911,012
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 44,605,062 49,868,838 54,129,908

Income Statement (JD)

2019 2018 2017
Operating Revenues 33,742,671 37,771,758 31,633,776
Operating Expenses 33,198,578 37,936,141 29,660,024
Gross Profit 544,093 -164,383 1,973,752
General and Administrative Expenses 508,108 656,993 550,112
Selling and Distribution Expenses 332,208 475,629 335,677
Depreciation (Period) 1,276,128 1,231,026 1,152,828
Other Operating Expenses 0 0 0
Net Operating Income -296,223 -1,297,005 1,087,963
Other Revenues 28,564 121,281 231,806
Other Expenses 0 0 0
Income Before Interest & Tax -267,659 -1,175,724 1,319,769
Interest Expenses 415,401 577,070 199,743
Net Income Before Tax -683,060 -1,752,794 1,120,026
Income Tax (Period) 0 0 55,268
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -683,060 -1,752,794 1,064,758
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -683,060 -1,752,794 1,064,758

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 2,128,109 7,841,768 7,522,380
Net Cash Flow from (Used in) Operating Activities 9,209,160 -3,583,212 -2,162,352
Net Cash Flow from (Used in) Investing Activities -74,612 -1,765,533 -1,465,985
Net Cash Flow from (Used in) Financing Activities -9,006,040 -364,914 3,947,725
Cash Balance (Ending) 2,256,617 2,128,109 7,841,768

Financial Ratios

2019 2018 2017
Turnover Ratio % 25.786 52.351 32.781
Earning Per Share (JD) -0.020 -0.050 0.027
Dividend Per Share (JD) 0.000 0.000 0.030
Book Value Per Share (JD) 0.951 0.970 1.048
Price Earnings Ratio (Times) -19.471 -6.590 14.651
Dividend Yield % 0.000 0.000 7.692
Dividend Per Share to Earning Per Share % 0.000 0.000 112.702
Price to Book Value (Times) 0.400 0.340 0.372
Gross Margin % 1.613 -0.435 6.239
Margin Before Interest and Tax % -0.793 -3.113 4.172
Profit Margin % -2.024 -4.641 3.366
Return On Assets % -1.531 -3.515 1.967
Return On Equity % -2.053 -5.162 2.541
Debt Ratio % 25.401 31.905 22.573
Equity Ratio % 74.600 68.095 77.427
Interest Coverage Ratio (Times) -0.644 -2.037 6.607
Total Assets Turnover (Times) 0.757 0.757 0.584
Fixed Assets Turnover (Times) 2.222 2.308 1.999
Working Capital Turnover (Times) 1.857 2.170 1.330
Current Ratio (Times) 2.783 2.218 3.090
Working Capital (JD) 18,173,932.000 17,404,545.000 23,788,728.000