Arab Company for Paints Products Announces Earnings Results for the First Half Ended June 30, 2018
Arab Company for Paints Products announced earnings results for the first half ended June 30, 2018. For the first half, the company reported sales of JOD 2,820,662 against JOD 2,727,902 a year ago. Net income from operations was JOD 298,803 against JOD 724,307 a year ago. Net income before tax was JOD 315,991 against JOD 741,570 a year ago. Net income after tax was JOD 292,825 or JOD 0.200 basic and diluted per share against JOD 699,507 or JOD 0.470 basic and diluted per share a year ago. Net cash flow from operating activities was JOD 210,172 against JOD 85,734 a year ago. Purchase of property, plant and equipment was JOD 7,512.