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Royal Jordanian registers JD24.4 million net profit in first 9 months of 2019

Posted 28 October 2019 · Add Comment

The Royal Jordanian Board of Directors approved the financial results for the third quarter and the first nine months of this year during a meeting it held on October 23, 2019.

 

The meeting was chaired by RJ Board of Directors Chairman Said Darwazeh, in the presence of RJ President/CEO Stefan Pichler.

The company's financial results have shown remarkable improvement in the net profits achieved in the first nine months of 2019, which stand at JD24.4 million after tax, compared to JD10.2 million for the comparison period of 2018, or a 139% increase.

The operating revenues for the same period also went up, from JD510 million in 2018 to JD514 million this year, a 1% increase, while the operating cost decreased by 4%, from JD430 million in the first nine months of 2018 to JD412 million in the same period this year. As a result, the gross profit recorded by the company in the first nine months of this year increased by 28%, from JD80 million in 2018 to JD102 million this year.

RJ President/CEO Stefan Pichler said: “The company has continued to post positive financial and operational results in 2019 due to the turnaround plan, launched in the last quarter of 2017, which we are implementing and which aims at enhancing RJ’s financial and operational performance, as well as raising the standard of services we offer our guests. All is done following a clear plan supported by the Board of Directors, a plan that set the ambitious goal of enhancing RJ’s presence and competitiveness regionally and globally, and strengthening its strategic role as the national carrier and a bridge connecting Jordan and the Levant with the world.”

 

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