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Akary for Industries & Real Estate Q1 loss widens 22.3% YOY

Akary for Industries & Real Estate Investments Co. PLC said its normalized net income for the first quarter amounted to a loss of 11,950 dinars, compared with a loss of 9,770 dinars in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income totaled a loss of 17,290 dinars, or a loss of 1 fils per share, compared to a loss of 12,520 dinars, or a loss of 1 fils per share, in the prior-year period.

As of April 29, US$1 was equivalent to 71 Jordanian fils.