Al Eid Food Co. KSCP said its first-quarter normalized net income amounted to 182,620 dinars, a rise from 175,980 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 5.5% from 5.6% in the year-earlier period.
Total revenue increased year over year to 3.3 million dinars from 3.1 million dinars, and total operating expenses grew from the prior-year period to 2.9 million dinars from 2.8 million dinars.
Reported net income increased year over year to 289,110 dinars, or 0 fils per share, from 278,590 dinars, or 0 fils per share.
As of May 21, US$1 was equivalent to 30 Kuwaiti fils.