Jordan Poultry Processing & Marketing Co. Ltd. said its normalized net income for the fourth quarter amounted to 75,050 dinars, a fall of 37.6% from 120,230 dinars in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin declined to 0.8% from 1.2% in the year-earlier period.
Total revenue fell 16.3% year over year to 8.2 million dinars from 9.8 million dinars, and total operating expenses declined 16.0% on an annual basis to 8.1 million dinars from 9.6 million dinars.
Reported net income decreased 37.6% on an annual basis to 120,090 dinars, or 1 fils per share, from 192,380 dinars, or 1 fils per share.
For the year, the company's normalized net income totaled 3 fils per share, an increase from 1 fils per share in the prior year.
Normalized net income was 515,990 dinars, an increase of 80.4% from 286,010 dinars in the prior year.
Full-year total revenue rose 13.8% year over year to 39.4 million dinars from 34.6 million dinars, and total operating expenses rose 12.6% on an annual basis to 38.3 million dinars from 34.1 million dinars.
The company said reported net income rose 80.4% year over year to 825,590 dinars, or 4 fils per share, in the full year, from 457,620 dinars, or 2 fils per share.
As of March 30, US$1 was equivalent to 71 Jordanian fils.