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Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.78 0.99 1.00
Value Traded (JD) 1,851 777,317 12,321
No. of Shares Traded 2,300 860,919 9,319
No. of Transactions 13 39 60
No. of Subscribed Shares 5,000,000 5,000,000 5,000,000
Market Capitalization (JD) 3,900,000 4,950,000 5,000,000
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Cash on Hand & at Banks 178,990 39,183 189,453
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 2,244,257 2,624,042 3,006,098
Spare Parts 0 0 0
Total Current Assets 4,086,999 4,563,426 4,643,564
Long Term Investments 0 0 0
Fixed Assets, Net 2,516,226 3,216,848 6,597,937
Lands 2,732,504 2,732,504 0
Projects in Progress 0 0 0
Total Fixed Assets 5,248,730 5,949,352 6,597,937
Other Assets 456,119 405,051 429,449
Total Assets 9,791,848 10,917,829 11,670,950

Liabilities (JD)

2018 2017 2016
Credit Banks 2,002,968 733,090 0
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 0
Total Current Liabilities 5,796,136 4,555,864 3,417,170
Long Term Loans & Notes Payable 0 0 0
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 5,796,136 4,555,864 3,417,170

Shareholders Equity (JD)

2018 2017 2016
Authorized Capital 5,000,000 5,000,000 5,000,000
Subscribed Capital 5,000,000 5,000,000 5,000,000
Paid in Capital 5,000,000 5,000,000 5,000,000
Compulsory Reserves 1,135,018 1,135,018 1,135,018
Voluntary Reserve 226,947 1,107,368 1,107,368
Other Reserves 0 0 0
Issuance Premium 0 3,736,582 3,736,582
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 -2,366,253 -4,617,003 -2,725,188
Total Shareholders Equity 3,995,712 6,361,965 8,253,780
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 9,791,848 10,917,829 11,670,950

Income Statement (JD)

2018 2017 2016
Operating Revenues 5,933,849 7,366,718 9,897,746
Operating Expenses 5,425,014 6,432,906 7,839,176
Gross Profit 508,835 933,812 2,058,570
General and Administrative Expenses 798,994 816,683 832,370
Selling and Distribution Expenses 1,868,793 1,926,707 1,931,730
Depreciation (Period) 855,306 895,876 989,407
Other Operating Expenses 0 0 398,669
Net Operating Income -2,158,952 -1,809,578 -1,104,199
Other Revenues 54,565 20,427 424,052
Other Expenses 104,911 62,342 54,833
Income Before Interest & Tax -2,209,298 -1,851,493 -734,980
Interest Expenses 94,644 33,108 2,479
Net Income Before Tax -2,303,942 -1,884,601 -737,459
Income Tax (Period) -47,988 7,214 -218,647
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -2,255,954 -1,891,815 -518,812
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -2,255,954 -1,891,815 -518,812

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) -693,907 189,453 762,455
Net Cash Flow from (Used in) Operating Activities -863,222 -620,145 -309,230
Net Cash Flow from (Used in) Investing Activities -172,205 -230,107 -261,293
Net Cash Flow from (Used in) Financing Activities -94,644 -33,108 -2,479
Cash Balance (Ending) -1,823,978 -693,907 189,453

Financial Ratios

2018 2017 2016
Turnover Ratio % 0.05 17.22 0.19
Earning Per Share (JD) -0.45 -0.38 -0.10
Dividend Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 0.80 1.27 1.65
Price Earnings Ratio (Times) -1.73 -2.62 -9.64
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) 0.98 0.78 0.61
Gross Margin % 8.58 12.68 20.80
Margin Before Interest and Tax % -37.23 -25.13 -7.43
Profit Margin % -38.02 -25.68 -5.24
Return On Assets % -23.04 -17.33 -4.45
Return On Equity % -56.46 -29.74 -6.29
Debt Ratio % 59.19 41.73 29.28
Equity Ratio % 40.81 58.27 70.72
Interest Coverage Ratio (Times) -23.34 -55.92 -296.48
Total Assets Turnover (Times) 0.61 0.67 0.85
Fixed Assets Turnover (Times) 1.13 1.24 1.50
Working Capital Turnover (Times) -3.47 974.18 8.07
Current Ratio (Times) 0.71 1.00 1.36
Working Capital (JD) -1,709,137.00 7,562.00 1,226,394.00