Net profits of ASE-listed companies stand at JD564m in Q1 2025
AMMAN — CEO of the Amman Stock Exchange (ASE) Mazen Wathaifi on Sunday said that the after-tax profits attributable to shareholders of public shareholding companies listed on the ASE, which provided their financial data, rose to JD564.4 million in the first quarter of 2025.
Wathaifi said that the figure marked an increase of 7.6 per cent, compared with JD524.6 million during the same period in 2024, the Jordan News Agency, Petra, reported.
He added that the pre-tax profits for these companies also increased, reaching JD804.3 million in the January-March period of 2025 compared with JD758.1 million in the corresponding period of 2024, marking a 6.1 per cent rise.
At the sectorial level, the CEO said that the after-tax profits for the industrial sector grew by 10.1 per cent, while the financial sector saw an 8.9 per cent increase.
The services sector recorded a 12.7 per cent decline in profits, he pointed out.
Wathaifi noted that these positive results in the first three months of 2025, in light of the geopolitical and economic challenges facing the region and the world, highlight the 'resilience, strength and capacity' of the national economy to overcome such risks 'efficiently'.
He attributed these results to the 'effectiveness' of the implemented economic policies, the advancement of projects under the Economic Modernisation Vision, ongoing structural and legislative reforms, improved business environment and investment climate.
Wathaifi said that the national economy has achieved several positive indicators, including a 2.5 per cent growth rate in 2024, a 5.8 per cent surge in total exports exceeding expectations, and foreign currency reserves surpassing $22 billion.
The CEO also said that 94 per cent of the 160 companies listed on the ASE have submitted their reviewed interim financial statements for the period ending March 31, within the deadline, through the electronic disclosure system XBRL.
He stressed that this percentage reflects the 'strong' commitment of listed companies to the applicable laws and regulations, and the principles and standards of disclosure and transparency.
Wathaifi added that according to ASE's listing requirements, all listed companies are obligated to submit their reviewed financial statements, audited by their external auditors, within the designated period.
He stressed that the ASE has made these statements available on its official website [www.exchange.jo](http://www.exchange.jo)) under the circulars and disclosures section (Quarterly Data).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Jordan Times
21 hours ago
- Jordan Times
JCI issues report on boosting national exports to global markets
AMMAN — The Jordan Chamber of Industry (JCI) on Thursday issued an analytical report designed to bolster industrial export competitiveness and expand the national product's footprint in global markets. The comprehensive report includes technical and regulatory requirements for entering several promising, non-traditional export destinations, the Jordan News Agency, Petra, reported. The publication complements an earlier report, "Promising Markets for Jordanian Industry," which identified an estimated $7.4 billion in untapped export opportunities worldwide. JCI Director General Hazem Rahahleh underscored the report's role in the chamber's strategy to build an "integrated" framework supporting export decision-making. He stressed that global market success transcends "mere" product quality, hinging critically on manufacturers' capacity for international compliance and their grasp of market-specific legislation. Rahahleh highlighted the JCI's commitment to enhancing its analytical and networking tools, in "direct" alignment with the national objectives articulated in Jordan's Economic Modernisation Vision (EMV). The report serves as a practical guide, empowering Jordanian industrialists to navigate the regulatory, health and technical prerequisites for market access, ultimately aiming to diversify and expand Jordan's export base geographically. It provides focused insights into strategic and emerging markets, including the US, the EU, Kenya, Rwanda, Uzbekistan and Kazakhstan. It also analyses key sectors for competitive advantage include food products, chemicals, plastics, pharmaceuticals and medical supplies. For the US market, the report highlights "essential" food export requirements, stressing the Food and Drug Administration (FDA) registration, compliance with the Food Safety Modernisation Act (FSMA), implementation of the Foreign Supplier Verification Programme (FSVP), a food safety plan, and adherence to labelling mandates. Regarding the EU, the report includes technical and environmental regulations governing chemical and plastic exports, such as traceability systems, packaging and environmental safety standards. It also addresses specific requirements for certain food products like potato chips and dairy, including acrylamide reduction protocols and veterinary oversight, aligning with international Codex specifications. In Africa, the report clarifies technical prerequisites for exports to Kenya and Rwanda, particularly for fertilisers and chemicals. The East African Community (EAC) member states require adherence to unified technical standards, encompassing heavy metal testing, multi-language labelling, and local quality and registration certificates. For Central Asian nations, the report includes procedures for exporting pharmaceuticals and medical devices to Uzbekistan and Kazakhstan. The report includes mandatory registration with relevant health ministries and obtaining conformity certificates from the Eurasian Economic Union (EAEU), alongside Uzbek language labelling and the implementation of digital tracking systems like "Asl Belgisi." The report forms part of an ongoing series from the JCI's Studies and Strategies Department, designed to enable national industries to expand into international markets, thereby boosting the value-added contribution of exports to Jordan's Gross Domestic Product.
Ammon
2 days ago
- Ammon
ASE closes higher by 0.52 percent
Ammon News - The Amman Stock Exchange (ASE) concluded Wednesday's trading session with a 0.52 percent rise, closing at 2,898 points. The volume of traded shares stood at approximately 5.4 million, with a total trading value of around JOD 9.2 million executed through 3,732 transactions. Out of the companies whose shares were traded, 37 recorded gains, 28 saw declines, and 36 remained unchanged. Petra
Jordan News
4 days ago
- Jordan News
13 Investors Granted Jordanian Citizenship in Q2 2025 - Jordan News
Minister of Government Communications and official spokesperson for the government, Mohammad Al-Momani, announced that 13 investors were granted Jordanian citizenship during the second quarter of 2025. اضافة اعلان In comparison, 17 investors had obtained citizenship in the first quarter, with a total investment value of around 32 million dinars, generating approximately 600 job opportunities for Jordanians. Minister of Investment, Muthanna Gharaibeh, stated that since 2018, a total of 561 investors have been granted Jordanian citizenship, noting that Syrian and Iraqi investors top the list of recipients. He explained that recent amendments to the regulations governing the granting of citizenship to investors aim to increase job opportunities and enhance the value added to the Jordanian economy. Gharaibeh also noted that the investment encouragement decision will stimulate stock market activity without causing inflation in the Amman Stock Exchange, adding that the move will energize the financial market in Amman. During a session held on Wednesday, chaired by Prime Minister Dr. Jaafar Hassan, the Cabinet approved new criteria for granting Jordanian citizenship or residency through investment, based on recommendations by the special investors committee. Under the new regulations, investors or non-investors may be granted a five-year residency — or have their existing residency renewed — regardless of their previous duration of stay in the Kingdom, provided they purchase real estate from a licensed developer valued at no less than 200,000 dinars (based on the Department of Land and Survey's appraisal), retain the property for at least five years without selling or mortgaging it, and receive a recommendation from the investors committee at the Ministry of Interior. For residency renewal, the applicant must still own the same property or a new one of equal value. After being reviewed by the technical committee, the application is forwarded directly to the Minister of Interior's delegate at the investment window, without requiring the property to be held in escrow.
