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National Ranges Q4 loss narrows YOY

4981256 said its normalized net income for the fourth quarter amounted to a loss of 387,540 dinars, compared with a loss of 446,640 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 increased to negative 194.0% from negative 241.9% in the year-earlier period.

Total revenue increased 8.2% on an annual basis to 199,790 dinars from 184,610 dinars, and total operating expenses increased from the prior-year period to 312,700 dinars from 303,870 dinars.

Reported net income totaled a loss of 620,060 dinars, or a loss of 0 fils per share, compared to a loss of 5.5 million dinars, or a loss of 2 fils per share, in the prior-year period.

For the year, the company's normalized net income totaled 1.9 million dinars, compared with a loss of -1.8 million dinars in the prior year.

Full-year total revenue grew 5.5% from the prior-year period to 659,920 dinars from 625,610 dinars, and total operating expenses rose 16.9% year over year to 1.2 million dinars from 1.0 million dinars.

The company said reported net income came to a loss of 3.0 million dinars, or a loss of 1 fils per share, in the full year, compared with a loss of 7.7 million dinars, or a loss of 3 fils per share, the prior year.

s of March 9, US$1 was equivalent to 30 Kuwaiti fils.National Shooting Co. K.S.C - Public

4981256 said its normalized net income for the fourth quarter amounted to a loss of 387,540 dinars, compared with a loss of 446,640 dinars in the year-earlier period.