trending Market Intelligence /marketintelligence/en/news-insights/trending/-nqyr3O5aYs4A52YKl-H6w2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Palestine Poultry Q2 profit falls YOY


So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?


Industry Top Trends 2021: Oil and Gas


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Industry Top Trends 2021: Metals and Mining

Palestine Poultry Q2 profit falls YOY

Palestine Poultry Co. Ltd. said its second-quarter normalized net income amounted to 6 Jordanian fils per share, a decline of 27.7% from 8 fils per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 804,760 dinars, a decline of 12.5% from 919,760 dinars in the year-earlier period.

The normalized profit margin fell to 8.6% from 11.5% in the year-earlier period.

Total revenue climbed 16.5% year over year to 9.4 million dinars from 8.0 million dinars, and total operating expenses increased 23.7% on an annual basis to 8.0 million dinars from 6.5 million dinars.

Reported net income declined 11.5% on an annual basis to 1.2 million dinars, or 9 fils per share, from 1.3 million dinars, or 12 fils per share.

As of Aug. 12, US$1 was equivalent to 71 Jordanian fils.