trending Market Intelligence /marketintelligence/en/news-insights/trending/874nBynsVSfW6EI57iLcUw2 content esgSubNav
In This List

General Investment Co. Q2 profit climbs YOY

Blog

Illuminating the Opaque: How can Significant Risk Transfer underwriting decisions be made with greater conviction?

Case Study

A Law Firm Taps into Extensive Data Solutions to Create a Powerful CRM System

Case Study

A PE Firm Capitalizes on Market Opportunities with Robust Data and Analytics

Podcast

MediaTalk | Season 2
Ep.9 How Consumers Split Their Dollars, Time Among Streaming Services


General Investment Co. Q2 profit climbs YOY

General Investment Co. Ltd. said its normalized net income for the second quarter amounted to 6 Jordanian fils per share, a gain from 1 fils per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 620,080 dinars, a gain from 142,140 dinars in the prior-year period.

The normalized profit margin climbed to 31.3% from 7.5% in the year-earlier period.

Total revenue increased on an annual basis to 2.0 million dinars from 1.9 million dinars, and total operating expenses fell 28.3% year over year to 1.4 million dinars from 2.0 million dinars.

Reported net income rose from the prior-year period to 926,370 dinars, or 9 fils per share, from 206,350 dinars, or 2 fils per share.

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