trending Market Intelligence /marketintelligence/en/news-insights/trending/u1uBrRwBhlbRvkNMsifoBw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Zara Investment Q4 loss narrows YOY

Gender Parity within German Banks

Blog

Deal Trends in Latin America, Issue 13

Video

Capital Markets View April 2021

Fintech Intelligence Digital Newsletter: April 2021


Zara Investment Q4 loss narrows YOY

Zara Investment Holding Co. said its fourth-quarter normalized net income came to a loss of 157,330 dinars, compared with a loss of 299,640 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 negative 0.9% from negative 1.6% in the year-earlier period.

Total revenue fell 5.7% year over year to 17.2 million dinars from 18.2 million dinars, and total operating expenses declined 9.1% from the prior-year period to 16.6 million dinars from 18.2 million dinars.

Reported net income came to a loss of 189,310 dinars, or a loss of 0 fils per share, compared to a loss of 535,500 dinars, or a loss of 0 fils per share, in the year-earlier period.

For the year, the company's normalized net income totaled 1.4 million dinars, compared with income of 390,440 dinars in the prior year.

Full-year total revenue declined 14.5% year over year to 71.2 million dinars from 83.3 million dinars, and total operating expenses fell 10.4% on an annual basis to 71.6 million dinars from 79.8 million dinars.

The company said reported net income totaled a loss of 2.3 million dinars, or a loss of 2 fils per share, in the full year, compared with income of 464,060 dinars, or 0 fils per share, the prior year.

As of March 30, US$1 was equivalent to 71 Jordanian fils.