Companies results .. a positive path

Alghad - 15/03
The general joint stock companies listed on the Amman Stock Exchange took a historical positive path in their financial performance for the year 2024, which reflects the ability of the Jordanian economy to achieve strong results despite the regional and global challenges, as the net profits of these companies after the tax reached 2074.1 million dinars, compared to 1952.2 million dinars in 2023, which represents an increase of 6.2 %, and this performance is the second highest net historical profit It is achieved by the listed companies after the profits of 2022, which amounted to 2450 million dinars. These results enhance the investor's confidence in the business environment in the Kingdom, and open promising horizons for future growth. The initial financial results of 2024 have shown the continuation of the strong performance of listed companies, which raises encouraging questions about the ability of the Jordanian market to attract more investments and achieve sustainable economic stability. Despite the number of winning companies to 105 companies in 2024 compared to 112 companies in the year 2023, the total profits of these companies in 2024 increased to 2114.5 million dinars compared to 1983.6 million dinars in 2023, and this reflects the success of many companies in improving their performance and enhancing their operational efficiency. While the ten higher companies were profitable, namely: the Arab Bank, Jordanian phosphate mines, Arab potash, Housing Bank for Trade and Finance, Jordan Kuwait Bank, Jordanian Finance Bank, Jordanian Petroleum Refinery / GPsrol, Jordan Islamic Bank, Al Ittihad Bank, Jordanian Telecom, its total profits reached 1781.5 million dinars, where its profits constituted 84.3 % of the profit of 105 companies in the year 2024. On the other hand, the number of losing companies increased to 49 companies in 2024 compared to 42 companies in the year 2023, and their total losses reached 40.4 million dinars in 2024 compared to 31.7 million dinars in 2023, and despite this rise, the volume of losses remains limited compared to the total profits achieved, which reflects the continued positive performance of the market in general. At the level of the economic sectors, the financial sector recorded the highest net profits of 1188.3 million dinars through 87 companies, while the industrial sector, which includes 28 companies, achieved profits of 671.3 million dinars, while the services sector, which includes 39 companies, has recorded 214.5 million dinars of profits. It is noteworthy that many sub -sectors recorded a remarkable improvement in its results for the year 2024, where the profits of chemical industries increased by 380.6 %, followed by health services by 184 %, then commercial services by 78.2 %. These results raise encouraging questions about the future of Jordanian companies: Will these sectors continue to achieve strong growth rates? Are these positive indicators an opportunity to enhance the investment environment in Jordan and attract new capital? The current performance enhances optimism with further growth and economic stability, and confirms that Jordan is steadfast in a steady pace towards achieving a sustainable economic development.
The general joint stock companies listed on the Amman Stock Exchange took a historical positive path in their financial performance for the year 2024, which reflects the ability of the Jordanian economy to achieve strong results despite the regional and global challenges, as the net profits of these companies after the tax reached 2074.1 million dinars, compared to 1952.2 million d...
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