Oman Refreshment Co. SAOG said its normalized net income for the first quarter came to 850,350 rials, a decrease of 28.4% from 1.2 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 declined to 5.2% from 7.7% in the year-earlier period.
Total revenue rose 5.5% on an annual basis to 16.3 million rials from 15.4 million rials, and total operating expenses grew 10.1% on an annual basis to 15.0 million rials from 13.6 million rials.
Reported net income totaled 1.2 million rials, compared with 1.6 million rials in the prior-year period.
As of April 22, US$1 was equivalent to 38 Oman baiza.
