JTG reports 38% decline in 2013 earnings

February 19, 2014 12:37 am

Jordan Telecom Group (JTG) has reported a 37.8% drop in net profit in 2013 to JD51.7m, compared with JD83.2m in the previous year, Jordan Times has reported. The group’s revenues fell 11.7% last year to JD360.3m from JD408m in 2012, due to “the high competition in the market affecting both mass and business sectors, in addition to the big drop in roaming visitors’ revenues,” JTG said.