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Trading Information

2017 2016 2015
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.24 0.50 0.20
Value Traded (JD) 955,891 2,679,390 10,377,355
No. of Shares Traded 2,522,842 10,539,182 32,097,539
No. of Transactions 1,963 4,071 7,398
No. of Subscribed Shares 8,684,029 6,705,246 15,000,000
Market Capitalization (JD) 2,084,167 3,352,623 3,000,000
Fiscal Year Ended 31/12/2017 31/12/2016 31/12/2015

Assets (JD)

2017 2016 2015
Cash on Hand & at Banks 2,058,464 1,635,525 1,889,362
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 5,929,065 5,253,857 4,904,839
Spare Parts 0 0 0
Total Current Assets 14,800,382 14,355,912 13,062,876
Long Term Investments 1,003,453 959,318 715,533
Fixed Assets, Net 5,166,311 5,250,696 5,553,671
Lands 0 0 0
Projects in Progress 0 0 0
Total Fixed Assets 5,166,311 5,250,696 5,553,671
Other Assets 688,627 688,627 688,626
Total Assets 21,658,773 21,254,553 20,020,706

Liabilities (JD)

2017 2016 2015
Credit Banks 3,233,341 3,064,817 3,251,654
Short Term Loans 3,233,649 6,714,057 6,279,326
Accrued Part of Long Term Loans 973,507 1,178,814 478,259
Total Current Liabilities 9,106,036 12,483,783 11,234,294
Long Term Loans & Notes Payable 5,703,658 2,653,853 1,775,690
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 14,809,694 15,137,636 13,009,984

Shareholders Equity (JD)

2017 2016 2015
Authorized Capital 8,684,029 6,705,246 15,000,000
Subscribed Capital 8,684,029 6,705,246 15,000,000
Paid in Capital 8,684,029 6,705,246 15,000,000
Compulsory Reserves 415,008 415,008 415,008
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 1,802,415
Treasury Stocks 0 0 0
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value -148,688 -192,001 -109,532
Retained Earnings -2,101,270 -811,336 -6,492,339
Total Shareholders Equity 6,849,079 6,116,917 7,010,722
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 21,658,773 21,254,553 20,020,706

Income Statement (JD)

2017 2016 2015
Operating Revenues 10,095,279 12,925,277 13,741,094
Operating Expenses 9,335,221 11,332,299 11,931,038
Gross Profit 760,058 1,592,978 1,810,056
General and Administrative Expenses 1,067,556 1,120,167 1,122,381
Selling and Distribution Expenses 917,504 746,728 720,704
Depreciation (Period) 419,851 416,605 433,712
Other Operating Expenses 0 0 1,350,378
Net Operating Income -1,225,002 -273,917 -1,383,407
Other Revenues 710,282 114,933 122,132
Other Expenses 39,637 23,213 2,347
Income Before Interest & Tax -554,357 -182,197 -1,263,622
Interest Expenses 713,235 613,724 617,399
Net Income Before Tax -1,267,592 -795,921 -1,881,021
Income Tax (Period) 0 0 0
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -1,267,592 -795,921 -1,881,021
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -1,267,592 -795,921 -1,881,021

Cash Flow (JD)

2017 2016 2015
Cash Balance (Beginning) -2,894,697 -3,068,889 -2,136,097
Net Cash Flow from (Used in) Operating Activities -129,907 -1,124,595 1,220,600
Net Cash Flow from (Used in) Investing Activities -222,974 -310,148 -42,417
Net Cash Flow from (Used in) Financing Activities 137,592 1,608,935 -2,110,975
Cash Balance (Ending) -3,109,986 -2,894,697 -3,068,889

Financial Ratios

2017 2016 2015
Turnover Ratio % 29.05 157.18 213.98
Earning Per Share (JD) -0.15 -0.12 -0.13
Dividend Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 0.79 0.91 0.47
Price Earnings Ratio (Times) -1.64 -4.21 -1.59
Dividend Yield % 0.00 0.00 0.00
Dividend Per Share to Earning Per Share % 0.00 0.00 0.00
Price to Book Value (Times) 0.30 0.55 0.43
Gross Margin % 7.53 12.32 13.17
Margin Before Interest and Tax % -5.49 -1.41 -9.20
Profit Margin % -12.56 -6.16 -13.69
Return On Assets % -5.85 -3.74 -9.40
Return On Equity % -18.51 -13.01 -26.83
Debt Ratio % 68.38 71.22 64.98
Equity Ratio % 31.62 28.78 35.02
Interest Coverage Ratio (Times) -0.78 -0.30 -2.05
Total Assets Turnover (Times) 0.47 0.61 0.69
Fixed Assets Turnover (Times) 1.95 2.46 2.47
Working Capital Turnover (Times) 1.77 6.90 7.51
Current Ratio (Times) 1.63 1.15 1.16
Working Capital (JD) 5,694,346.00 1,872,129.00 1,828,582.00