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Alisra For Education & Investment Q1 profit climbs 36.1% YOY

Alisra For Education & Investment Co. PLC said its normalized net income for the first quarter came to 10 Jordanian fils per share, an increase of 36.1% from 8 fils per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.6 million dinars, an increase of 36.1% from 1.1 million dinars in the year-earlier period.

The normalized profit margin climbed to 32.9% from 19.8% in the year-earlier period.

Total revenue declined 17.9% year over year to 4.7 million dinars from 5.8 million dinars, and total operating expenses fell 39.4% on an annual basis to 2.8 million dinars from 4.6 million dinars.

Reported net income decreased 7.7% from the prior-year period to 1.9 million dinars, or 13 fils per share, from 2.1 million dinars, or 14 fils per share.

As of April 29, US$1 was equivalent to 71 Jordanian fils.