trending Market Intelligence /marketintelligence/en/news-insights/trending/uJDgQxPAap3taiGiqy9CWA2 content esgSubNav
In This List

A'Saffa Foods Q2 profit falls YOY

Blog

Investment Banking Essentials Newsletter: October Edition, Part - 2

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise

Blog

Global M&A By the Numbers: Q3 2021

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors


A'Saffa Foods Q2 profit falls YOY

A'Saffa Foods SAOG said its normalized net income for the second quarter came to 1.3 million rials, a fall from 1.3 million 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 dropped to 14.5% from 16.4% in the year-earlier period.

Total revenue climbed 8.7% on an annual basis to 8.7 million rials from 8.0 million rials, and total operating expenses rose 14.6% year over year to 6.6 million rials from 5.8 million rials.

Reported net income totaled 1.8 million rials, compared with 1.9 million rials in the prior-year period.

As of July 8, US$1 was equivalent to 39 Oman baiza.