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Trafco Group Q3 profit falls YOY

Trafco Group B.S.C. said its normalized net income for the third quarter came to 82,690 dinars, a fall of 52.1% from 172,640 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 fell to 0.8% from 1.7% in the year-earlier period.

Total revenue declined year over year to 10.0 million dinars from 10.1 million dinars, and total operating expenses fell on an annual basis to 9.5 million dinars from 9.6 million dinars.

Reported net income decreased 37.0% year over year to 215,560 dinars, or 3 fils per share, from 342,210 dinars, or 4 fils per share.

As of Nov. 6, US$1 was equivalent to 380 Bahraini fils.