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Arab International Food profit holds relatively steady YOY in Q1

Arab International Food Factories & Investment Co. said its first-quarter normalized net income came to a loss of 20,980 dinars, compared with a loss of 21,060 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 33,560 dinars, or a loss of 0 fils per share, compared to a loss of 33,700 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.