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Nutri Dar Co. Q1 profit falls YOY

Nutri Dar Co. said its first-quarter normalized net income came to 80,310 dinars, a fall of 11.7% from 90,990 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 3.5% from 3.2% in the year-earlier period.

Total revenue fell 18.7% on an annual basis to 2.3 million dinars from 2.8 million dinars, and total operating expenses fell 13.8% on an annual basis to 2.2 million dinars from 2.6 million dinars.

Reported net income fell 11.7% on an annual basis to 128,490 dinars, or 1 fils per share, from 145,590 dinars, or 2 fils per share.

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