trending Market Intelligence /marketintelligence/en/news-insights/trending/gKIsN033pP2BQbJtoSGCUw2 content esgSubNav
In This List

Jordan Hotels & Tourism Q3 profit climbs 5.1% YOY

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks


MediaTalk | Season 2
Ep.1: Broadcast's Big Year


Global M&A by the Numbers Q4 2023


Investment Banking Essentials: February 21

Jordan Hotels & Tourism Q3 profit climbs 5.1% YOY

Jordan Hotels & Tourism Company Ltd said its normalized net income for the third quarter was 7 Jordanian fils per share, a gain of 4.9% from 6 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 650,660 dinars, a gain of 5.1% from 619,280 dinars in the year-earlier period.

The normalized profit margin increased to 10.8% from 9.9% in the year-earlier period.

Total revenue fell on an annual basis to 6.0 million dinars from 6.3 million dinars, and total operating expenses declined 5.2% on an annual basis to 5.0 million dinars from 5.3 million dinars.

Reported net income grew 6.4% on an annual basis to 850,840 dinars, or 9 fils per share, from 799,680 dinars, or 8 fils per share.

As of Oct. 31, US$1 was equivalent to 71 Jordanian fils.