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National Ranges Q2 loss widens 11.0% YOY

National Shooting Co. K.S.C - Public said its second-quarter normalized net income amounted to a loss of 500,440 dinars, compared with a loss of 450,750 dinars in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue declined 25.6% year over year to 117,830 dinars from 158,280 dinars, and total operating expenses climbed on an annual basis to 270,830 dinars from 262,560 dinars.

Reported net income came to a loss of 800,700 dinars, or a loss of 0 fils per share, compared to a loss of 721,200 dinars, or a loss of 0 fils per share, in the prior-year period.

As of Aug. 17, US$1 was equivalent to 30 Kuwaiti fils.