Bahrain Flour Mills Co. BSC said its normalized net income for the third quarter amounted to 52,980 Bahraini dinars, an increase from 25,610 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 rose to 3.6% from 2.0% in the year-earlier period.
Total revenue grew 16.6% year over year to 1.5 million dinars from 1.3 million dinars, and total operating expenses increased 12.0% year over year to 1.5 million dinars from 1.3 million dinars.
Reported net income grew from the prior-year period to 84,770 dinars, or 3 fils per share, from 40,980 dinars, or 2 fils per share.
As of Nov. 2, US$1 was equivalent to 380 Bahraini fils.