BMMI B.S.C. said its normalized net income for the first quarter came to 14 Bahraini fils per share, compared with 14 fils per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.9 million dinars, compared with 1.9 million dinars in the prior-year period.
The normalized profit margin increased to 8.3% from 7.3% in the year-earlier period.
Total revenue decreased 12.0% on an annual basis to 22.8 million dinars from 25.9 million dinars, and total operating expenses decreased 13.9% from the prior-year period to 20.2 million dinars from 23.5 million dinars.
Reported net income rose from the prior-year period to 3.0 million dinars, or 22 fils per share, from 2.9 million dinars, or 21 fils per share.
As of April 27, US$1 was equivalent to 380 Bahraini fils.