/24-7PressRelease/ - AMMAN, JORDAN, July 27, 2005 — Jordan Investment Trust PLC (Jordinvest) achieved record results in the first half of 2005. The outstanding results were attained on account of Jordinvest's astute policy in the recent months through developing its zealous and massive financial position in the local and regional markets. The company has also conducted far-sighted strategies that will lead Jordinvest towards further development in both its professional services and qualified industry experts.
Jordinvest's strategies have enhanced the company's financial and administrative aspects through the proficient management of its assets, which was proved in the company's latest financial results that were achieved on June 30, 2005.
Reference to Jordinvest's financial statement, Chairman of the Board, Dr. Mohammad Said Nabulsi and Vice Chairman/CEO Mr. Ahmad Tantash announced that company's profits (before tax) were worth JD5 million, an increase of 251% over the same period last year. In addition Chairman of the Board, Dr. Nabulsi added that Jordinvest's total assets increased by 17.6% to reach JD30.7 million, compared to the JD26.1 million gained at the end of 2004. Further more, the company's shareholders equity also rose by 26.4% to reach JD 25.6 million, compared to the JD 20.28 million achieved at the end of 2004.
Commenting on the achieved mid-year financial results, Mr. Ahmad Tantash, Jordinvest's Vice Chairman / CEO stated, "Jordinvest is conducting well-planned strategies for the future, which stems from its objective to diversify its products, provide the best quality services and to increase its market share geographically. In addition to enhancing the distinguished business relations that link the company with all concerned parties, notably our special clients."
Mr. Tantash added, "We are releasing our mid-year financial results to inform our clients, potential investors and partners that Jordinvest has performed remarkably in the last period and will maintain its pace in the future. To continue and excel, our company embraces a qualified workforce that is dedicated to fulfill their tasks efficiently. "
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Issued on behalf of Jordan Investment Trust PLC (Jordinvest) by TRACCS Jordan.
For further information, please contact:
TRACCS Jordan
Tel: + 962 6 592 4114
Fax: + 962 6 592 4334
Email: jordan@traccs.net
Website: http://www.traccs.net
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