trending Market Intelligence /marketintelligence/en/news-insights/trending/2BTLbW7ghptkjKooY6bOXw2 content esgSubNav
In This List

Dhofar Fisheries & Food Industries Q1 loss narrows YOY

Blog

Illuminating the Opaque: How can Significant Risk Transfer underwriting decisions be made with greater conviction?

Case Study

A Law Firm Taps into Extensive Data Solutions to Create a Powerful CRM System

Case Study

A PE Firm Capitalizes on Market Opportunities with Robust Data and Analytics

Podcast

MediaTalk | Season 2
Ep.9 How Consumers Split Their Dollars, Time Among Streaming Services


Dhofar Fisheries & Food Industries Q1 loss narrows YOY

Dhofar Fisheries & Food Industries Co. SAOG said its first-quarter normalized net income was 146,880 Oman rials, compared with a loss of 158,750 rials in the year-earlier period.

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

The normalized profit margin dropped to negative 21.2% from negative 11.9% in the year-earlier period.

Total revenue decreased 48.1% on an annual basis to 693,000 rials from 1.3 million rials, and total operating expenses declined 41.0% on an annual basis to 914,000 rials from 1.6 million rials.

Reported net income came to a loss of 235,000 rials, compared with a loss of 254,000 rials in the year-earlier period.

As of April 29, US$1 was equivalent to 385 Oman baiza.