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JDFI Q1 loss widens YOY

Jordanian Co. for Developing & Financial Investment said its normalized net income for the first quarter came to a loss of 32,660 dinars, compared with a loss of 7,390 dinars in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income totaled a loss of 52,250 dinars, or a loss of 2 fils per share, compared to a loss of 11,820 dinars, or a loss of 0 fils per share, in the year-earlier period.

As of April 29, US$1 was equivalent to 71 Jordanian fils.