Oman Fisheries Co. SAOG said its normalized net income for the fiscal first quarter ended June 30 came to 31,550 rials, compared with a loss of 42,680 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 rose to 0.6% from negative 1.0% in the year-earlier period.
Total revenue rose 13.6% on an annual basis to 5.1 million rials from 4.5 million rials, and total operating expenses grew 10.5% on an annual basis to 5.1 million rials from 4.6 million rials.
Reported net income totaled 48,460 rials, or 0 baiza per share, compared to a loss of 35,750 rials, or a loss of 0 baiza per share, in the year-earlier period.
As of Aug. 12, US$1 was equivalent to 39 Oman baiza.
