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Oman Flour Mills fiscal Q2 profit climbs 53.6% YOY

4917009 said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was 2.5 million rials, a gain of 53.6% from 1.6 million 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 climbed to 11.7% from 8.3% in the year-earlier period.

Total revenue rose 6.0% year over year to 20.5 million rials from 19.3 million rials, and total operating expenses totaled 16.6 million rials, compared with 16.5 million rials in the year-earlier period.

eported net income totaled 3.4 million rials, compare Oman Flour Mills Co. SAOG