Union Tobacco & Cigarette Industries Co. PLC said its normalized net income for the first quarter was 6,570 dinars, a rise from 6,400 dinars in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 0.1% from 0.1% in the year-earlier period.
Total revenue declined 10.4% on an annual basis to 11.1 million dinars from 12.4 million dinars, and total operating expenses fell 8.9% from the prior-year period to 10.7 million dinars from 11.7 million dinars.
Reported net income declined 85.4% on an annual basis to 10,500 dinars, or 0 fils per share, from 71,780 dinars, or 0 fils per share.
As of April 28, US$1 was equivalent to 71 Jordanian fils.
