Factory profit margin average 15 percent net. Survey by Ministry of Industry

Factory profit margin
average 15 percent net
Survey by Ministry of Industry
Share on Facebook     Share on LinkedIn        
WatsApp
The net profit ratio from sales in the manufacturing sector averaged 15 percent in the past two years, according to a recent survey conducted by the Ministry of Industry.

The survey covered 1,975 agro-food companies, as well as steel, furniture, and chemical industries, of the country’s 4,720 licensed factories.

Expenditures on fuel oil and electricity accounted for five percent of the total, with an average of $140,000 for each factory.

Salaries paid for full time employees represented 12 percent of the total expenditures. The average salary per employee was around $12,000 per year.

The average number of full time workers in each factory is 30.
Reported by Rania Ghanem
Share on Facebook     Share on LinkedIn        
WatsApp
Date Posted: Oct 26, 2018