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Alisra For Education & Investment Q3 profit climbs YOY

Alisra For Education & Investment Co. PLC said its third-quarter normalized net income amounted to 8 Jordanian fils per share, a gain from 3 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 1.2 million dinars, an increase from 499,300 dinars in the prior-year period.

The normalized profit margin climbed to 28.0% from 13.3% in the year-earlier period.

Total revenue climbed 12.3% year over year to 4.2 million dinars from 3.8 million dinars, and total operating expenses declined 16.3% on an annual basis to 2.7 million dinars from 3.2 million dinars.

Reported net income grew year over year to 1.6 million dinars, or 10 fils per share, from 496,600 dinars, or 3 fils per share.

As of Oct. 26, US$1 was equivalent to 71 Jordanian fils.