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Trafco Group Q2 profit climbs 8.5% YOY


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Trafco Group Q2 profit climbs 8.5% YOY

Trafco Group B.S.C. said its second-quarter normalized net income amounted to 170,800 dinars, an increase of 8.5% from 157,480 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 climbed to 1.7% from 1.5% in the year-earlier period.

Total revenue declined on an annual basis to 10.3 million dinars from 10.6 million dinars, and total operating expenses decreased from the prior-year period to 9.8 million dinars from 9.9 million dinars.

Reported net income rose 24.3% year over year to 364,380 dinars, or 5 fils per share, from 293,160 dinars, or 4 fils per share.

As of Aug. 7, US$1 was equivalent to 380 Bahraini fils.