Al - Tajamouat for Touristic Projects, Plc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 27, 2020
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Al - Tajamouat for Touristic Projects, plc announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net income was JOD 419,569 compared to JOD 469,213 a year ago. Basic earnings per share from continuing operations was JOD 0.005 compared to JOD 0.005 a year ago. For the nine months, net loss was JOD 92,661 compared to net income of JOD 1.259 million a year ago. Basic loss per share from continuing operations was JOD 0.001 compared to basic earnings per share from continuing operations of JOD 0.014 a year ago.
Al Tajamouat for Touristic Projects Company PSC is a Jordan-based public shareholding company that operates in the leisure and recreation industry. The Company is part of Specialized Investment Compounds Co PLC group. It is in the process of developing Taj Lifestyle Center, which is a retail and leisure destination in Abdoun area in Amman. The center is a retail project featuring retail and lifestyle developments, consisting of a multi-purpose facility catering a range of tenants with the main objective of entertaining clients by offering diversified services, including cinemas, advanced arcade centers, retail outlets, food courts, kidsâ zones, restaurants and cafes, in addition to retail stores and a supermarket. The Company owns 14,000 square meters of land that is adjacent to Taj Lifestyle Center.