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Nutri Dar Co. swings to loss in Q2

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Nutri Dar Co. swings to loss in Q2

Nutri Dar Co. said its normalized net income for the second quarter amounted to a loss of 54,920 dinars, compared with income of 202,160 dinars in the year-earlier period.

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

The normalized profit margin declined to negative 2.0% from 5.1% in the year-earlier period.

Total revenue declined 29.2% year over year to 2.8 million dinars from 4.0 million dinars, and total operating expenses fell 26.0% from the prior-year period to 2.6 million dinars from 3.5 million dinars.

Reported net income came to a loss of 87,880 dinars, or a loss of 1 fils per share, compared to income of 291,910 dinars, or 3 fils per share, in the year-earlier period.

As of July 28, US$1 was equivalent to 71 Jordanian fils.