Dhofar Poultry Co. SAOG said its normalized net income for the third quarter came to 39,100 rials, an increase of 62.1% from 24,120 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 declined to 1.7% from 2.0% in the year-earlier period.
Total revenue increased 93.6% on an annual basis to 2.3 million rials from 1.2 million rials, and total operating expenses climbed 95.4% on an annual basis to 2.2 million rials from 1.1 million rials.
Reported net income grew 32.9% on an annual basis to 51,300 rials, or 1 baiza per share, from 38,590 rials, or 1 baiza per share.
As of Oct. 22, US$1 was equivalent to 385 Oman baiza.