STATEMENTS OF PROFIT AND LOSS
FOR THE YEARS ENDED DECEMBER 31, 1998 AND 1997
(Currency: Jordanian Dinar)

	Notes	1998	1997
Telecommunication services revenues		36,189,449	27,361,221
Operating expenses	21	(19,666,858)	(11,805,413)
Income from operations		16,522,591	15,555,808
Provision for doubtful accounts		(1,443,936)	(3,738,484)
Licence and concession fees	22	(3,396,399)	(2,806,625)
Bank interest, net	23	(885,994)	1,229,913
Foreign currency translation loss	24	(2,534,720)	(285,750)
Other revenues, net	25	311,729	167,112
Net profit for the year		8,573,271	10,121,974
Earnings per share		0.19	0.225

The accompanying notes form an integral part of these financial statements.

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