Petra | May 03,2012 | 23:11

AMMAN — Jordan Phosphate Mines Company (JPMC) net profit osted during the first quarter of this year amounted to JD38.7 million, 77.5 per cent higher than the JD21.8 million recorded during the first quarter of 2011. The company’s quarterly disclosure published on the Amman Stock Exchange website showed that JPMC’s pre-tax profit totalled JD46.8 million for this year’s first quarter compared with JD24.2 million during same period of 2011. JPMC’s liabilities and shareholders’ equity totalled JD977.7 million at the end of the first quarter compared with JD911.7 million at the end of 2011, according to the company’s disclosure. Last week, the company decided to distribute JD33.75 million in cash dividends at a rate of 45 per cent.