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Delmon Poultry Q2 profit climbs YOY

Delmon Poultry Co. BSC said its normalized net income for the second quarter was 179,970 Bahraini dinars, a gain from 13,310 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 rose to 5.2% from 0.5% in the year-earlier period.

Total revenue climbed 21.3% on an annual basis to 3.4 million dinars from 2.8 million dinars, and total operating expenses climbed 14.7% year over year to 3.3 million dinars from 2.9 million dinars.

Reported net income grew year over year to 270,280 dinars from 2,190 dinars.

As of Aug. 12, US$1 was equivalent to 380 Bahraini fils.