Jordan Telecom profits down

Jordan Telecom Group (JTG) has said its H1 2009 net profit had declined by 2.6% to JD51.2m, compared to JD52.6m during the same period last year, the Jordan Times has reported. Operating expenses had climbed 3.4% to JD109.1m at the end of last June, while gross operating margin had dropped by 3.8% as earnings before interest, tax, depreciation and amortisation stood at JD87.3m, compared to JD90.7m at the end of June 2008. Capital expenditures were lower by 31.6% as they totalled JD14.9m during the first half of this year, compared to JD21.8min the same period of last year, JTG has said.