Oman Fisheries Co. SAOG said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 158,730 rials, compared with a loss of 315,120 rials in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 1.9% from negative 4.7% in the year-earlier period.

Total revenue grew 26.7% year over year to 8.5 million rials from 6.7 million rials, and total operating expenses grew 14.4% from the prior-year period to 8.3 million rials from 7.2 million rials.

Reported net income came to 242,780 rials, or 0 baiza per share, compared to a loss of 506,290 rials, or a loss of 0 baiza per share, in the prior-year period.

As of Jan. 27, US$1 was equivalent to 39 Oman baiza.