trending Market Intelligence /marketintelligence/en/news-insights/trending/QTKy4dVANxuwpSM89KVRNg2 content esgSubNav
In This List

AAN Digital Services Co. Q1 profit falls YOY

Blog

Live TV still dominates most TV viewing in Asia

Blog

Netflix amortized content spend estimated at $13.6 billion in 2021

Blog

Insight Weekly: SPAC momentum builds on; higher rates fear; copper prices rebound

Blog

Credit Risk Trends for Telecom & Tech: A Mid-Year 2021 Outlook


AAN Digital Services Co. Q1 profit falls YOY

AAN Digital Services Holding Company K.S.C. Public said its first-quarter normalized net income came to 103,300 dinars, a decline of 60.8% from 263,510 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 0.5% from 1.5% in the year-earlier period.

Total revenue climbed 8.3% on an annual basis to 19.4 million dinars from 17.9 million dinars, and total operating expenses climbed 8.2% from the prior-year period to 19.3 million dinars from 17.8 million dinars.

Reported net income decreased 60.8% from the prior-year period to 163,380 dinars, or 0 fils per share, from 417,230 dinars, or 0 fils per share.

As of May 16, US$1 was equivalent to 30 Kuwaiti fils.