Arab Company for Paints Products Announces Unaudited Earnings Results for the Year Ended December 31, 2017
Arab Company for Paints Products announced unaudited earnings results for the year ended December 31, 2017. For the period, the company reported sales was JOD 5,589,674 against JOB 5,369,669 a year ago. Net income from operations was JOD 1,298,722 against JOB 1,248,248 a year ago. Net income before tax was JOD 1,284,597 against JOB 1,285,479 a year ago. Net income after tax was JOD 1,202,581 against JOB 1,204,812 a year ago. Basic and diluted earnings per share was nil against JOB 0.857 a year ago. Net cash flow from operating activities was JOD 454,327 against JOB 1,297,455 a year ago. Purchase of property, plant and equipment was JOD 136,631 against JOB 70,592 a year ago.