Dhofar University SAOG said its normalized net income for the fiscal first quarter ended Nov. 30 came to 4 Oman baiza per share, a decrease of 10.7% from 4 baiza per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 526,340 rials, a decrease of 10.7% from 589,380 rials in the prior-year period.
The normalized profit margin declined to 17.4% from 21.1% in the year-earlier period.
Total revenue rose 8.4% year over year to 3.0 million rials from 2.8 million rials, and total operating expenses rose 18.9% on an annual basis to 2.2 million rials from 1.9 million rials.
Reported net income declined 16.9% year over year to 742,150 rials, or 5 baiza per share, from 893,010 rials, or 6 baiza per share.
As of Dec. 30, US$1 was equivalent to 39 Oman baiza.
