Jordan Investment Trust (Jordinvest), a leading provider of financial and investment services, has recorded net profit worth JD1.03 million ($1.46 million) for the third quarter of 2010.

Jordinvest’s debts have decreased by 79 per cent reaching JD1.65 million, compared to JD7.86 million in the same period last year, a statement said.

Similarly, Jordinvest’s expenses have also decreased by 43 per cent in comparison to 2009.

'Our success today is a verdict to the success of our strategy; but concurrently, it places a colossal liability on our shoulders towards our clients and partners, not only in maintaining Jordinvest's level of service but to build on it in order to walk a further mile. We will work diligently to achieve our goal of creating new opportunities in local and regional markets in order to expand our clients' investments and provide them with comprehensive services,' stated Ahmad Tantash, chairman and CEO of Jordinvest.-TradeArabia News Service