First-half profit growth of Jordanian phosphate companies

The Jordanian Phosphate Corporation recently released data showing that in the first half of 2012, the company’s after-tax profit reached 75.9 million Jordanian dinars (about US$107 million), an increase of 18.8% from the same period last year. In addition, the company's pre-tax profit for the same period reached 90.5 million Jordanian dinars (about 130 million US dollars), operating profits of 87.9 million Jordanian dinars (about 120 million US dollars), have varying degrees of growth.

Jordan is rich in phosphorite resources, and more than 60% of the areas contain deposits of mineable phosphate. Jordan Phosphate Corp. is Jordan's largest producer and is the exclusive company that mines phosphate minerals. Its annual production reaches 7 million tons. It is the world's sixth largest phosphate producer and the second largest phosphate exporter.

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