Amman-Mubasher: Future Arab Investment Co reported a profit of JOD 288,270 ($405,500) during the fiscal year 2014, against a loss of JOD 9.59 million ($13.5 million) during FY13, according to a bourse filing to Amman Stock Exchange (ASE).
The company turned to profit as the extraordinary general meeting agreed on trimming the JOD 9.12 million accumulative losses of the company through a capital cut.
The company’s capital amounts to JOD 27.38 million, distributed on 27.38 million shares at JOD 1 par value.
