Jordan Cement Factories 2007 net profit down 13 per cent YoY

Jordan Cement Factories 2007 net profit down 13 per cent YoY
Published: 14 February 2008

The management board of cement producer Jordan Cement Factories Co (JCFC) said at a meeting on February 12, 2008 that the company’s net profit for 2007 declined by 13 per cent YoY to JOD48m (US$67.7m).

The decrease was attributed to a number of reasons, including higher energy costs and raw material prices, combined with the fact that the company did not raise its end prices.

The board meeting appointed Abdullah al-Khateeb board chairman.

The company has two cement plants, one in Fuheis and another one in Rashadiyah, and has an export terminal in Aqaba.