Sunday, March 1, 2009


"Jordan Phosphate Mines Company's (JOPH) net sales increased dramatically in 2008 to hit JOD 847 million in comparison to JOD 355 million for 2007, mainly because of higher demand and much higher prices of phosphate and fertilizers worldwide. As a result, JOPH net profit margin improved in 2008 to reach 28% compared to 13% in 2007. The increase in sales and keeping
overhead costs in control were the main drivers of this improvement." (Thanks Rania)

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