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Alisra For Education & Investment Q2 profit falls YOY

Alisra For Education & Investment Co. PLC said its normalized net income for the second quarter came to 9 Jordanian fils per share, a decline of 11.7% from 10 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 1.4 million dinars, a decrease of 11.7% from 1.5 million dinars in the year-earlier period.

The normalized profit margin declined to 27.5% from 30.3% in the year-earlier period.

Total revenue decreased year over year to 4.9 million dinars from 5.1 million dinars, and total operating expenses declined on an annual basis to 3.0 million dinars from 3.0 million dinars.

Reported net income decreased 15.8% from the prior-year period to 1.5 million dinars, or 10 fils per share, from 1.8 million dinars, or 12 fils per share.

As of July 27, US$1 was equivalent to 71 Jordanian fils.