Oman Flour Mills Co. SAOG said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to 1.6 million rials, a rise of 11.0% from 1.4 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 8.3% from 7.2% in the year-earlier period.
Total revenue totaled 19.3 million rials, compared with 19.3 million rials in the year-earlier period, and total operating expenses fell from the prior-year period to 16.6 million rials from 17.1 million rials.
Reported net income came to 1.9 million rials, compared with 2.0 million rials in the prior-year period.
As of Feb. 4, US$1 was equivalent to 39 Oman baiza.
