trending Market Intelligence /marketintelligence/en/news-insights/trending/Pscb30aW0Fr0JlyOuY87Bg2 content esgSubNav
In This List

Dhofar Beverage & Food Stuff Q3 profit falls YOY


Managed Services Insights: The client lifecycle management solution

Case Study

An International Logistics Company Streamlines Transfer Pricing for Its Extensive Network of Subsidiaries


Next in Tech | Episode 168: AI Data Strategies


A Law Firm Taps into Extensive Data Solutions to Create a Powerful CRM System

Dhofar Beverage & Food Stuff Q3 profit falls YOY

Dhofar Beverage & Food Stuff Co. SAOG said its normalized net income for the third quarter amounted to 10,740 Oman rials, a fall of 75.9% from 44,480 rials in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to 0.8% from 3.2% in the year-earlier period.

Total revenue decreased 5.4% on an annual basis to 1.3 million rials from 1.4 million rials, and total operating expenses fell year over year to 1.3 million rials from 1.3 million rials.

Reported net income declined 80.0% from the prior-year period to 12,660 rials, or 1 baiza per share, from 63,450 rials, or 3 baiza per share.

As of Oct. 27, US$1 was equivalent to 385 Oman baiza.