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Trading Information

2017 2016 2015
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.53 0.35 0.47
Value Traded (JD) 32,814,655 9,576,607 10,233,547
No. of Shares Traded 61,589,879 20,937,206 17,920,324
No. of Transactions 23,363 10,900 12,270
No. of Subscribed Shares 35,000,000 35,000,000 35,000,000
Market Capitalization (JD) 18,550,000 12,250,000 16,450,000
Fiscal Year Ended 31/12/2017 31/12/2016 31/12/2015

Assets (JD)

2017 2016 2015
Cash on Hand & at Banks 184,131 775,249 974,046
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 11,442,892 17,231,182 16,290,745
Spare Parts 0 0 0
Total Current Assets 23,746,070 26,584,726 27,347,919
Long Term Investments 0 0 0
Fixed Assets, Net 40,430,915 39,329,798 39,586,292
Lands 934,131 934,131 930,035
Projects in Progress 0 0 0
Total Fixed Assets 41,365,046 40,263,929 40,516,327
Other Assets 0 0 0
Total Assets 65,111,116 66,848,655 67,864,246

Liabilities (JD)

2017 2016 2015
Credit Banks 16,510,400 15,320,826 18,239,035
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 0
Total Current Liabilities 26,161,543 26,934,781 27,653,142
Long Term Loans & Notes Payable 0 0 0
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 26,161,543 26,934,781 27,653,142

Shareholders Equity (JD)

2017 2016 2015
Authorized Capital 35,000,000 35,000,000 35,000,000
Subscribed Capital 35,000,000 35,000,000 35,000,000
Paid in Capital 35,000,000 35,000,000 35,000,000
Compulsory Reserves 6,113,139 6,088,720 6,075,043
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 1,509,320 1,509,320 1,509,320
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value 0 0 0
Retained Earnings -3,672,886 -2,684,166 -2,373,259
Total Shareholders Equity 38,949,573 39,913,874 40,211,104
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 65,111,116 66,848,655 67,864,246

Income Statement (JD)

2017 2016 2015
Operating Revenues 31,507,818 38,103,433 66,616,135
Operating Expenses 30,718,361 35,998,607 63,874,149
Gross Profit 789,457 2,104,826 2,741,986
General and Administrative Expenses 1,103,185 1,278,351 1,106,714
Selling and Distribution Expenses 61,369 84,677 139,412
Depreciation (Period) 575,048 1,026,282 881,124
Other Operating Expenses 0 30,000 1,205,138
Net Operating Income -375,097 711,798 290,722
Other Revenues 546,787 481,969 1,034,786
Other Expenses 21 692,211 0
Income Before Interest & Tax 171,669 501,556 1,325,508
Interest Expenses 1,100,823 714,616 1,058,196
Net Income Before Tax -929,154 -213,060 267,312
Income Tax (Period) 34,184 84,170 28,103
Income Tax (Previous Years) 963 0 14,989
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -964,301 -297,230 224,220
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -964,301 -297,230 224,220

Cash Flow (JD)

2017 2016 2015
Cash Balance (Beginning) 775,249 974,046 975,326
Net Cash Flow from (Used in) Operating Activities -127,095 4,199,562 9,283,439
Net Cash Flow from (Used in) Investing Activities -552,774 -765,534 -257,273
Net Cash Flow from (Used in) Financing Activities 88,751 -3,632,825 -9,027,446
Cash Balance (Ending) 184,131 775,249 974,046

Financial Ratios

2017 2016 2015
Turnover Ratio % 175.97 59.82 51.20
Earning Per Share (JD) -0.03 -0.01 0.01
Dividend Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 1.11 1.14 1.15
Price Earnings Ratio (Times) -19.24 -41.21 73.37
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) 0.48 0.31 0.41
Gross Margin % 2.51 5.52 4.12
Margin Before Interest and Tax % 0.54 1.32 1.99
Profit Margin % -3.06 -0.78 0.34
Return On Assets % -1.48 -0.44 0.33
Return On Equity % -2.48 -0.74 0.56
Debt Ratio % 40.18 40.29 40.75
Equity Ratio % 59.82 59.71 59.25
Interest Coverage Ratio (Times) 0.16 0.70 1.25
Total Assets Turnover (Times) 0.48 0.57 0.98
Fixed Assets Turnover (Times) 0.76 0.95 1.64
Working Capital Turnover (Times) -13.04 -108.85 -218.25
Current Ratio (Times) 0.91 0.99 0.99
Working Capital (JD) -2,415,473.00 -350,055.00 -305,223.00