trending Market Intelligence /marketintelligence/en/news-insights/trending/iSrHbmDlHixY0g9L32FdCg2 content esgSubNav
In This List

Dhofar University fiscal Q2 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Dhofar University fiscal Q2 profit falls YOY

Dhofar University SAOG said its normalized net income for the fiscal second quarter ended Feb. 28 amounted to 2 Oman baiza per share, a decrease of 49.2% from 4 baiza per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 261,850 rials, a decline of 49.2% from 515,150 rials in the prior-year period.

The normalized profit margin dropped to 9.2% from 18.3% in the year-earlier period.

Total revenue came to 2.8 million rials, compared with 2.8 million rials in the prior-year period, and total operating expenses grew 23.1% on an annual basis to 2.5 million rials from 2.0 million rials.

Reported net income decreased 58.8% from the prior-year period to 318,960 rials, or 2 baiza per share, from 774,240 rials, or 6 baiza per share.

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