trending Market Intelligence /marketintelligence/en/news-insights/trending/5TEUO8ZrdQGQzCNu3c-MYA2 content esgSubNav
In This List

Arab Weavers Union Q2 loss widens 22.9% YOY

Blog

LCD Monthly Newsletter: September 2021

Blog

Industries Most and Least Impacted by COVID-19: A Market-Implied Probability of Default Perspective

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Investment Banking Essentials Newsletter: October Edition


Arab Weavers Union Q2 loss widens 22.9% YOY

Arab Weavers Union Co. PLC said its normalized net income for the second quarter came to 78,580 dinars, compared with a loss of 63,960 dinars in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 4.8% from negative 2.7% in the year-earlier period.

Total revenue decreased 31.2% year over year to 1.6 million dinars from 2.4 million dinars, and total operating expenses fell 21.9% on an annual basis to 1.8 million dinars from 2.3 million dinars.

Reported net income came to a loss of 130,210 dinars, compared with a loss of 132,390 dinars, or a loss of 1 fils per share, in the year-earlier period.

As of July 28, US$1 was equivalent to 71 Jordanian fils.