Sohar Poultry Co. SAOG said its normalized net income for the fiscal first quarter ended Sept. 30 came to 13,220 rials, compared with income of 84,250 rials 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 negative 0.8% from 4.5% in the year-earlier period.
Total revenue fell 15.4% year over year to 1.6 million rials from 1.9 million rials, and total operating expenses fell 7.7% from the prior-year period to 1.6 million rials from 1.7 million rials.
Reported net income totaled a loss of 21,160 rials, compared with income of 134,810 rials in the year-earlier period.
As of Oct. 27, US$1 was equivalent to 39 Oman baiza.
