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JDFI Q4 loss narrows YOY

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JDFI Q4 loss narrows YOY

Jordanian Co. for Developing & Financial Investment said its fourth-quarter normalized net income amounted to a loss of 28,410 dinars, compared with a loss of 37,540 dinars in the year-earlier period.

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

Reported net income totaled a loss of 45,450 dinars, or a loss of 2 fils per share, compared to a loss of 60,070 dinars, or a loss of 2 fils per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 4 fils per share, compared with a loss of 2 fils per share in the prior year.

Normalized net income was a loss of 112,930 dinars, compared with a loss of 67,110 dinars in the prior year.

The company said reported net income totaled a loss of 180,690 dinars, or a loss of 6 fils per share, in the full year, compared with a loss of 107,380 dinars, or a loss of 4 fils per share, the prior year.

As of March 30, US$1 was equivalent to 71 Jordanian fils.