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Sohar Poultry fiscal Q2 profit climbs YOY

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Sohar Poultry fiscal Q2 profit climbs YOY

4915676 said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to 115,980 rials, an increase from 46,160 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 increased to 5.1% from 2.1% in the year-earlier period.

Total revenue climbed 5.0% on an annual basis to 2.3 million rials from 2.2 million rials, and total operating expenses totaled 2.1 million rials, compared with 2.1 million rials in the year-earlier period.

eported net income came to 185,560 rials, compare Sohar Poultry Co. SAOG.