Jordan phosphate export to India sees record rise

AMMAN — The Jordan Phosphate Mines Company (JPMC) on Tuesday exported 79,400 tonnes of phosphate to India, increasing the total amount exported to India this month to 414,000 tonnes, which is the greatest amount in the history of the company since its establishment.

JPMC Chairman Mohammad Thneibat said that the shipment was loaded on board of one of the biggest vessels available during one day, which is a “record, and unprecedented in time”, revealing the competence of workers at the phosphate export port in Aqaba, the Jordan News Agency, Petra, reported.

The chairman expressed appreciation for the efforts of all workers at the port and all JPMC sites and for their dedication and keenness in the interests and stability of the company, in a way that enhances its competitiveness in the international market.

The company, with the efforts of its employees, will remain among the top economic institutions that support the national economy and will continue its role in pushing forward economic and social development in the Kingdom, he said.

In May, JPMC announced that it had made JD6.3 million in net profit, during the first quarter of 2019.

At the time, Thneibat said that profits during the January-March 2019 period increased by 185.1 per cent compared with the same period of last year, where the company recorded JD7.4 million in losses.

Thneibat said that the company made JD164.3 million in sales revenue during the first three months of this year, compared with JD152.4 million made during the same period of last year.