trending Market Intelligence /marketintelligence/en/news-insights/trending/v7KFl1cBmGR2TG4hzjy1Rg2 content esgSubNav
In This List

Zara Investment Q2 profit climbs 24.5% YOY

Podcast

Private Markets 360° | Episode 2: ESG maturity in private markets (with Josh Green of Novata)

Video

According to Market Intelligence, February 2023

Blog

Insight Weekly: M&A players predict 2023 activity; SPAC IPOs dip; 2022 capacity retirements up

The Cobalt Expansion Drive Is A Copper Story


Zara Investment Q2 profit climbs 24.5% YOY

Zara Investment Holding Co. said its second-quarter normalized net income came to 491,160 dinars, a rise of 24.5% from 394,620 dinars in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 2.7% from 1.9% in the year-earlier period.

Total revenue fell 10.3% year over year to 18.2 million dinars from 20.3 million dinars, and total operating expenses fell 12.0% from the prior-year period to 17.0 million dinars from 19.3 million dinars.

Reported net income increased 44.9% year over year to 748,260 dinars, or 0 fils per share, from 516,220 dinars, or 0 fils per share.

As of July 28, US$1 was equivalent to 71 Jordanian fils.