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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.42 0.78 0.99
Value Traded (JD) 8,464 1,851 777,317
No. of Shares Traded 14,904 2,300 860,919
No. of Transactions 64 13 39
No. of Subscribed Shares 5,000,000 5,000,000 5,000,000
Market Capitalization (JD) 2,100,000 3,900,000 4,950,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash on Hand & at Banks 83,265 178,990 39,183
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 2,326,254 2,244,257 2,624,042
Spare Parts 0 0 0
Total Current Assets 3,998,080 4,061,047 4,563,426
Long Term Investments 0 0 0
Fixed Assets, Net 1,669,576 2,516,226 3,216,848
Lands 747,360 2,732,504 2,732,504
Projects in Progress 0 25,952 0
Total Fixed Assets 2,416,936 5,274,682 5,949,352
Other Assets 3,346,418 456,119 405,051
Total Assets 9,761,434 9,791,848 10,917,829

Liabilities (JD)

2019 2018 2017
Credit Banks 1,985,363 2,002,968 733,090
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 0
Total Current Liabilities 6,664,155 5,796,136 4,555,864
Long Term Loans & Notes Payable 1,500,000 0 0
Corporate Bonds 0 0 0
Other Liabilities 1,118,546 0 0
Total Liabilities 9,282,701 5,796,136 4,555,864

Shareholders Equity (JD)

2019 2018 2017
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 0 1,135,018 1,135,018
Voluntary Reserve 0 226,947 1,107,368
Other Reserves 0 0 0
Issuance Premium 0 0 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 -4,521,267 -2,366,253 -4,617,003
Total Shareholders Equity 478,733 3,995,712 6,361,965
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 9,761,434 9,791,848 10,917,829

Income Statement (JD)

2019 2018 2017
Operating Revenues 5,603,938 5,933,849 7,366,718
Operating Expenses 5,080,463 5,425,014 6,432,906
Gross Profit 523,475 508,835 933,812
General and Administrative Expenses 787,392 798,994 816,683
Selling and Distribution Expenses 1,866,415 1,868,793 1,926,707
Depreciation (Period) 788,392 855,306 895,876
Other Operating Expenses 445,382 83,885 0
Net Operating Income -2,575,714 -2,242,837 -1,809,578
Other Revenues 101,936 54,565 20,427
Other Expenses 655,788 21,026 62,342
Income Before Interest & Tax -3,129,566 -2,209,298 -1,851,493
Interest Expenses 400,732 94,644 33,108
Net Income Before Tax -3,530,298 -2,303,942 -1,884,601
Income Tax (Period) -13,319 -47,988 7,214
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -3,516,979 -2,255,954 -1,891,815
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -3,516,979 -2,255,954 -1,891,815

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) -1,823,978 -693,907 189,453
Net Cash Flow from (Used in) Operating Activities -541,226 -837,270 -620,145
Net Cash Flow from (Used in) Investing Activities -587,445 -198,157 -230,107
Net Cash Flow from (Used in) Financing Activities 1,050,551 -94,644 -33,108
Cash Balance (Ending) -1,902,098 -1,823,978 -693,907

Financial Ratios

2019 2018 2017
Turnover Ratio % 0.30 0.05 17.22
Earning Per Share (JD) -0.70 -0.45 -0.38
Dividend Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 0.10 0.80 1.27
Price Earnings Ratio (Times) -0.60 -1.73 -2.62
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) 4.39 0.98 0.78
Gross Margin % 9.34 8.58 12.68
Margin Before Interest and Tax % -55.85 -37.23 -25.13
Profit Margin % -62.76 -38.02 -25.68
Return On Assets % -36.03 -23.04 -17.33
Return On Equity % -734.64 -56.46 -29.74
Debt Ratio % 95.10 59.19 41.73
Equity Ratio % 4.90 40.81 58.27
Interest Coverage Ratio (Times) -7.81 -23.34 -55.92
Total Assets Turnover (Times) 0.57 0.61 0.67
Fixed Assets Turnover (Times) 2.32 1.13 1.24
Working Capital Turnover (Times) -2.10 -3.42 974.18
Current Ratio (Times) 0.60 0.70 1.00
Working Capital (JD) -2,666,075.00 -1,735,089.00 7,562.00