trending Market Intelligence /marketintelligence/en/news-insights/trending/dIK9Uul0aX7aOy7KAUEJLA2 content esgSubNav
In This List

Petra Education Q3 profit falls YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Petra Education Q3 profit falls YOY

Petra Education Co. Public Shareholding Co. said its normalized net income for the third quarter amounted to 2 Jordanian fils per share, a decline of 20.5% from 3 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 336,620 dinars, a decline of 20.1% from 421,280 dinars in the year-earlier period.

The normalized profit margin dropped to 7.2% from 9.0% in the year-earlier period.

Total revenue came to 4.7 million dinars, compared with 4.7 million dinars in the year-earlier period, and total operating expenses grew from the prior-year period to 4.2 million dinars from 4.1 million dinars.

Reported net income fell 20.2% from the prior-year period to 428,600 dinars, or 3 fils per share, from 537,050 dinars, or 3 fils per share.

As of Oct. 27, US$1 was equivalent to 71 Jordanian fils.