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

A'Saffa Foods Q2 profit falls YOY

Blog

Greater China M&A By the Numbers: Q3 2023

Blog

Banking Essentials Newsletter: July 10th Edition

Blog

Investment Banking Essentials: July 10

Blog

AI in Action: Applications of ChatGPT for Textual Feature Extraction


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.