trending Market Intelligence /marketintelligence/en/news-insights/trending/1_7FXaDXYlvVFy-yNgvwtQ2 content esgSubNav
In This List

Sweets of Oman Q3 profit falls YOY


Expand Your Perspective: Intelligence


The evolving world of central bank digital currencies


Next in Tech | Episode 66: Connected vehicles in transition


Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Sweets of Oman Q3 profit falls YOY

Sweets of Oman SAOG said its normalized net income for the third quarter amounted to 79,860 rials, a decline of 53.9% from 173,240 rials in the prior-year period.

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

The normalized profit margin declined to 2.5% from 5.2% in the year-earlier period.

Total revenue declined year over year to 3.2 million rials from 3.3 million rials, and total operating expenses rose on an annual basis to 3.1 million rials from 3.0 million rials.

Reported net income totaled 112,450 rials, compared with 243,910 rials in the prior-year period.

As of Oct. 17, US$1 was equivalent to 39 Oman baiza.