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Akary for Industries & Real Estate Q2 loss widens 71.9% YOY

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Akary for Industries & Real Estate Q2 loss widens 71.9% YOY

Akary for Industries & Real Estate Investments Co. PLC said its second-quarter normalized net income came to a loss of 8,010 dinars, compared with a loss of 4,660 dinars in the year-earlier period.

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

Reported net income totaled a loss of 57,540 dinars, or a loss of 5 fils per share, compared to a loss of 6,170 dinars, or a loss of 1 fils per share, in the prior-year period.

As of July 29, US$1 was equivalent to 71 Jordanian fils.