trending Market Intelligence /marketintelligence/en/news-insights/trending/uJDgQxPAap3taiGiqy9CWA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

A'Saffa Foods Q2 profit falls YOY

Blog

So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?

Blog

Industry Top Trends 2021: Oil and Gas

Blog

Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Industry Top Trends 2021: Metals and Mining


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.