Royal Jordanian back in the black with USD28m operating profit in 1H2019

Royal Jordanian reported (31-Jul-2019) the following financial highlights:

• Three months ended 30-Jun-2019:
  • Revenue: JOD170.8 milion (USD240.8 million), stable,
  • Operating profit: JOD14.5 million (USD20.5 million), +82.1%;
  • Net profit: JOD6.7 million (USD9.4 million), +457%;
• Six months ended 30-Jun-2019:
  • Revenue: JOD316.3 million (USD446.1 million), +1.3%;
  • Operating profit: JOD19.7 million (USD27.7 million), +1520%;
  • Net profit: JOD1.5 million (USD2.1 million), compared to a loss of JOD12.7 million in p-c-p;
  • Total assets: JOD897.0 million (USD1265 million);
    • Cash and bank balances: JOD120.0 million (USD169.2 million);
  • Total liabilities: JOD776.1 million (USD1095 million). [more - original PR] [more - original PR - II]

*Based on the average conversion rate at JOD1 = USD1.4104