trending Market Intelligence /marketintelligence/en/news-insights/trending/2pgTN_jdbzVjlvqZ4yM7lA2 content esgSubNav
In This List

Dhofar University fiscal Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Dhofar University fiscal Q1 profit falls YOY

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.