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Oman Refreshment Q2 profit climbs YOY

Oman Refreshment Co. SAOG said its second-quarter normalized net income came to 1.8 million rials, a gain from 1.7 million rials 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 9.2% from 8.8% in the year-earlier period.

Total revenue totaled 19.5 million rials, compared with 19.4 million rials in the prior-year period, and total operating expenses came to 16.8 million rials, compared with 16.8 million rials in the year-earlier period.

Reported net income totaled 2.4 million rials, compared with 2.4 million rials in the prior-year period.

As of July 19, US$1 was equivalent to 39 Oman baiza.