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Trafco Group Q3 profit falls YOY

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Trafco Group Q3 profit falls YOY

Trafco Group B.S.C. said its third-quarter normalized net income amounted to 172,640 dinars, a fall of 5.1% from 181,940 dinars 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 1.7% from 1.8% in the year-earlier period.

Total revenue climbed year over year to 10.1 million dinars from 9.8 million dinars, and total operating expenses grew from the prior-year period to 9.6 million dinars from 9.5 million dinars.

Reported net income increased 17.2% on an annual basis to 342,210 dinars, or 4 fils per share, from 291,910 dinars, or 4 fils per share.

As of Nov. 7, US$1 was equivalent to 380 Bahraini fils.