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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.29 0.42 0.53
Value Traded (JD) 2,998,370 6,318,978 32,814,655
No. of Shares Traded 8,626,856 12,568,814 61,589,879
No. of Transactions 4,609 6,626 23,363
No. of Subscribed Shares 35,000,000 35,000,000 35,000,000
Market Capitalization (JD) 10,150,000 14,700,000 18,550,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash on Hand & at Banks 61,489 978,433 184,131
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 4,399,663 4,744,932 6,092,885
Spare Parts 4,978,940 5,186,053 4,893,616
Total Current Assets 19,982,551 21,653,656 23,187,679
Long Term Investments 0 0 0
Fixed Assets, Net 39,710,648 39,662,336 40,430,915
Lands 154,784 154,784 934,131
Projects in Progress 41,575 412,098 0
Total Fixed Assets 39,907,007 40,229,218 41,365,046
Other Assets 0 132,817 102,000
Total Assets 59,889,558 62,015,691 64,654,725

Liabilities (JD)

2019 2018 2017
Credit Banks 21,369,819 20,067,507 16,510,400
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 0
Total Current Liabilities 30,343,056 26,121,170 26,161,543
Long Term Loans & Notes Payable 0 0 0
Corporate Bonds 0 0 0
Other Liabilities 1,264,673 1,269,341 0
Total Liabilities 31,607,729 27,390,511 26,161,543

Shareholders Equity (JD)

2019 2018 2017
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 6,075,043 6,075,043 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 -14,302,534 -7,959,183 -4,091,181
Total Shareholders Equity 28,281,829 34,625,180 38,493,182
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 59,889,558 62,015,691 64,654,725

Income Statement (JD)

2019 2018 2017
Operating Revenues 15,905,510 38,717,873 31,516,359
Operating Expenses 19,138,395 38,646,145 31,396,728
Gross Profit -3,232,885 71,728 119,631
General and Administrative Expenses 758,701 817,666 917,507
Selling and Distribution Expenses 140,379 158,449 61,400
Depreciation (Period) 740,565 1,287,011 575,048
Other Operating Expenses 307,655 17,730 0
Net Operating Income -4,439,620 -922,117 -859,276
Other Revenues 167,124 335,061 539,189
Other Expenses 248,213 10,321 0
Income Before Interest & Tax -4,520,709 -597,377 -320,087
Interest Expenses 1,822,642 1,348,950 1,066,421
Net Income Before Tax -6,343,351 -1,946,327 -1,386,508
Income Tax (Period) 0 0 34,184
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -6,343,351 -1,946,327 -1,420,692
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -6,343,351 -1,946,327 -1,420,692

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 978,433 184,131 775,249
Net Cash Flow from (Used in) Operating Activities -1,796,234 -711,128 3,010,307
Net Cash Flow from (Used in) Investing Activities -418,354 -3,485 -552,774
Net Cash Flow from (Used in) Financing Activities 1,297,644 1,508,915 -3,048,651
Cash Balance (Ending) 61,489 978,433 184,131

Financial Ratios

2019 2018 2017
Turnover Ratio % 24.648 35.911 175.971
Earning Per Share (JD) -0.181 -0.056 -0.041
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.808 0.989 1.100
Price Earnings Ratio (Times) -1.600 -7.553 -13.057
Dividend Yield % 0.000 0.000 0.000
Dividend Per Share to Earning Per Share % 0.000 0.000 0.000
Price to Book Value (Times) 0.359 0.425 0.482
Gross Margin % -20.326 0.185 0.380
Margin Before Interest and Tax % -28.422 -1.543 -1.016
Profit Margin % -39.882 -5.027 -4.508
Return On Assets % -10.592 -3.138 -2.197
Return On Equity % -22.429 -5.621 -3.691
Debt Ratio % 52.777 44.167 40.464
Equity Ratio % 47.223 55.833 59.537
Interest Coverage Ratio (Times) -2.480 -0.443 -0.300
Total Assets Turnover (Times) 0.266 0.624 0.488
Fixed Assets Turnover (Times) 0.399 0.962 0.762
Working Capital Turnover (Times) -1.535 -8.667 -10.598
Current Ratio (Times) 0.659 0.829 0.886
Working Capital (JD) -10,360,505.000 -4,467,514.000 -2,973,864.000