Zarka Educational & Investment Co. said its first-quarter normalized net income came to 5 Jordanian fils per share, a decline of 22.9% from 6 fils per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 820,300 dinars, a decrease of 22.9% from 1.1 million dinars in the prior-year period.
The normalized profit margin dropped to 14.4% from 19.4% in the year-earlier period.
Total revenue increased year over year to 5.7 million dinars from 5.5 million dinars, and total operating expenses climbed 15.9% from the prior-year period to 4.4 million dinars from 3.8 million dinars.
Reported net income declined 30.3% on an annual basis to 1.0 million dinars, or 6 fils per share, from 1.5 million dinars, or 9 fils per share.
As of April 27, US$1 was equivalent to 71 Jordanian fils.
