Universal Modern Industries for Edible Oil Co. (P.S.C) said its normalized net income for the first quarter amounted to 3 Jordanian fils per share, a decline of 14.0% from 4 fils per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 204,070 dinars, a decrease of 14.0% from 237,380 dinars in the prior-year period.
The normalized profit margin declined to 4.3% from 5.1% in the year-earlier period.
Total revenue increased year over year to 4.8 million dinars from 4.7 million dinars, and total operating expenses increased year over year to 4.5 million dinars from 4.3 million dinars.
Reported net income declined 20.5% from the prior-year period to 275,720 dinars, or 5 fils per share, from 346,750 dinars, or 6 fils per share.
As of April 27, US$1 was equivalent to 71 Jordanian fils.
