Al Shark Electrode Co. announced unaudited earnings results for the first quarter ended March 31, 2018. For the period, the company reported net profit after tax of the period reached JOD 34,652 compared with net profit after tax JOD 12,568 for 2017, a net increase in profit of 175.72%. Sales of JOD 295,475 compared to JOD 251,131 a year ago. Net income before tax was JOD 34,652 compared to JOD 12,568 a year ago. Basic and diluted earnings per share was JOD 0.046 compared to JOD 0.017 a year ago. Net cash flow from operating activities was JOD 88,920 compared to JOD 77,720 a year ago. Purchase of fixed assets was JOD 15,452 compared to JOD 7,917 a year ago.