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The profits of «Silk for Financial Transformation» jump 509% in the first quarter

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The profits of «Silk for Financial Transformation» jump 509% in the first quarter Empty The profits of «Silk for Financial Transformation» jump 509% in the first quarter

Post by RamblerNash Mon Apr 02, 2018 10:53 pm

The profits of «Silk for Financial Transformation» jump 509% in the first quarter

The profits of «Silk for Financial Transformation» jump 509% in the first quarter 7068

Currency of the Dinar
 
02/04/2018

Economy News Baghdad:

The Financial Statements of the Silk Transformation Company (MTAH), listed on the Iraqi Stock Exchange, showed a 509% increase in first quarter 2018 earnings compared to Q1 2017 earnings.

The company said in a statement on Monday that its profit amounted to 305.28 million dinars (256.27 thousand dollars), compared to profits of 50.11 million dinars (42.06 thousand dollars) in the first quarter of 2017.

The increase in commission income received during the first quarter of 2017 was KD 449.48 million compared to JD 323.38 million in the comparable quarter of 2017.

While the current expenses declined during the quarter to about 138 million dinars, compared to 273.27 million dinars in the first quarter of 2017.

By the end of 2017, the company's profits jumped 129% to KD 1.18 billion, compared to profits of KD 515.83 million for the year 2016.

http://economy-news.net/content.php?id=11807

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