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Al Tajamouat for Catering & Housing Q1 loss narrows YOY

Al Tajamouat for Catering & Housing Co. PLC. said its first-quarter normalized net income came to a loss of 47,450 dinars, compared with a loss of 111,140 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 rose to negative 10.5% from negative 21.2% in the year-earlier period.

Total revenue fell 14.1% year over year to 450,740 dinars from 525,030 dinars, and total operating expenses climbed year over year to 528,950 dinars from 513,980 dinars.

Reported net income came to 16,140 dinars, or 0 fils per share, compared to a loss of 196,910 dinars, or a loss of 2 fils per share, in the year-earlier period.

As of April 29, US$1 was equivalent to 71 Jordanian fils.