JORDAN STEEL COMPANY CORPORATE BRIEF
July 5, 2009 at 5:39 pm | In Arabs, Economics, Financial, Middle East, Research | Leave a Comment
Jordan Steel Company Corporate Brief
Sun 7/05/09
Jordan Steel Company’s (JSC) revenues in 1Q09 reached JOD20.3 million in comparison to JOD21.2 million in 1Q08. On the other hand, the cost of goods sold reached JOD16.9 million in 1Q09 in comparison to JOD15.9 million in 1Q08. Given that steel prices dropped by almost 50% in 1Q09 compared to 1Q08, the revenue figure reflects a substantial increase in the quantity sold, which will turn into substantial revenue gains if the price of steel recovers.
Please click on the following link to read the JSC corporate Brief.
http://www.ab-invest.net/dmdocuments/Jordan_Steel_Corporate_Brief.pdf
Sincerely,
AB Invest Research Division
Contact:
http://www.atlasinvest.net/html/contact_us/contact_us.html
Al Arabi Investment Group
Jordan Steel Company Corporate Brief
http://www.ab-invest.net/dmdocuments/Jordan_Steel_Corporate_Brief.pdf
Sun 7/05/09
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