Al-Ittihad Schools Co. said its first-quarter normalized net income came to 214,340 dinars, a rise of 56.0% from 137,380 dinars in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to 12.5% from 9.2% in the year-earlier period.
Total revenue rose 15.2% on an annual basis to 1.7 million dinars from 1.5 million dinars, and total operating expenses climbed from the prior-year period to 1.3 million dinars from 1.3 million dinars.
Reported net income increased 44.6% from the prior-year period to 273,350 dinars, or 2 fils per share, from 189,030 dinars, or 1 fils per share.
As of April 29, US$1 was equivalent to 71 Jordanian fils.
