Jordan Dairy Co. Ltd. said its normalized net income for the first quarter was 7 Jordanian fils per share, an increase of 54.0% from 5 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 282,310 dinars, an increase of 54.0% from 183,300 dinars in the year-earlier period.
The normalized profit margin rose to 6.7% from 4.6% in the year-earlier period.
Total revenue grew 6.1% year over year to 4.2 million dinars from 4.0 million dinars, and total operating expenses increased year over year to 3.8 million dinars from 3.7 million dinars.
Reported net income increased 93.2% on an annual basis to 367,290 dinars, or 9 fils per share, from 190,100 dinars, or 5 fils per share.
As of April 29, US$1 was equivalent to 71 Jordanian fils.
