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Alisra For Education & Investment Q1 profit falls YOY

Alisra For Education & Investment Co. PLC said its first-quarter normalized net income was 10 Jordanian fils per share, a decline from 10 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 1.5 million dinars, a decrease from 1.6 million dinars in the prior-year period.

The normalized profit margin dropped to 31.3% from 32.9% in the year-earlier period.

Total revenue rose year over year to 4.8 million dinars from 4.7 million dinars, and total operating expenses rose from the prior-year period to 2.9 million dinars from 2.8 million dinars.

Reported net income declined from the prior-year period to 1.9 million dinars, or 13 fils per share, from 1.9 million dinars, or 13 fils per share.

As of April 28, US$1 was equivalent to 71 Jordanian fils.