Bloomberg News

Jordan Telecom Says Nine-Month Profit Declined 5.4 Percent

November 01, 2011

Nov. 1 (Bloomberg) -- Jordan Telecom Corp. said profit dropped by 5.4 percent from a year earlier in the first nine months to 65.5 million dinars ($92 million).

The drop is due to a decrease in gross operating income and a decline in financial income due to lower interest rates on bank deposits, Amman-based Jordan Telecom said in an emailed statement.

The company’s subscriber base rose by 15 percent from a year earlier to 3.47 million, it said. France Telecom owns a 51 percent share in the group.

--Editors: Ben Holland, Louis Meixler.

To contact the reporters on this story: Mohammad Tayseer via Dubai at contact the editor responsible for this story: Louis Meixler at lmeixler@bloomberg.net.


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