trending Market Intelligence /marketintelligence/en/news-insights/trending/JBfojoCPP7LRYlsfyKLyEA2 content esgSubNav
In This List

Arab International for Investment & Education Q3 profit falls YOY

Podcast

Street Talk | Episode 94: Recessionary fears in '22 overblown, Fed could overtighten

Blog

Optimism abounds in Indian online video industry

Blog

2022 broadband forecast shifts to market share battle with intense competition

Blog

Expand Your Perspective: Innovation


Arab International for Investment & Education Q3 profit falls YOY

Arab International for Investment & Education said its third-quarter normalized net income amounted to 17,270 dinars, a decrease of 95.4% from 376,110 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 declined to 0.4% from 4.2% in the year-earlier period.

Total revenue decreased 51.0% year over year to 4.3 million dinars from 8.9 million dinars, and total operating expenses fell 46.9% on an annual basis to 4.5 million dinars from 8.5 million dinars.

Reported net income fell 98.9% on an annual basis to 5,520 dinars, or 0 fils per share, from 523,780 dinars, or 1 fils per share.

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