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Oman Education & Training fiscal Q3 profit climbs 8.9% YOY

Oman Education & Training Investment Co. SAOG said its normalized net income for the fiscal third quarter ended May 31 was 216,400 rials, a gain of 8.9% from 198,670 rials in the prior-year period.

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

The normalized profit margin rose to 6.1% from 5.8% in the year-earlier period.

Total revenue increased year over year to 3.5 million rials from 3.4 million rials, and total operating expenses increased from the prior-year period to 3.2 million rials from 3.1 million rials.

Reported net income increased 14.8% from the prior-year period to 287,240 rials, or 0 baiza per share, from 250,310 rials, or 0 baiza per share.

As of June 27, US$1 was equivalent to 39 Oman baiza.