AMMAN: The Siniora spices’s Chairman Tareq Omar Al Aqqad wrote in a foreword that sales last year reached JD43.2 million, 13 per cent higher than the JD38.2 million posted in 2013.
The company is in the business of producing, distributing and selling processed meat products in addition to the import of raw materials. Products include Cold Cuts, Roast and Luncheon, among others. The report showed that Jordan accounted for JD20.6 million of the total sales last year whereas sales abroad stood at JD22.6 million.
Although the sales abroad increased by 10.2 per cent, the gross profit generated from the exports was higher by 63.3 per cent as it amounted to JD9.8 million compared to JD6 million gross profit derived from domestic sales. Exports had the advantage of lower costs which stood at JD12.8 million compared to JD14.5 million in costs for the sales in the local market taking into consideration that the business domestically was JD2.1 million less than the sales abroad.
