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Al Dawliyah for Hotels & Malls Q1 profit climbs YOY


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Al Dawliyah for Hotels & Malls Q1 profit climbs YOY

4982363 said its normalized net income for the first quarter came to 298,900 dinars, a rise from 39,300 dinars in the year-earlier period.

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

The normalized profit margin increased to 9.6% from 1.3% in the year-earlier period.

Total revenue rose year over year to 3.1 million dinars from 3.0 million dinars, and total operating expenses fell 6.9% from the prior-year period to 2.7 million dinars from 2.9 million dinars.

eported net income increased year over year to 382,6 Al Dawliyah for Hotels & Malls