Dhofar Poultry Co. SAOG said its normalized net income for the first quarter was 76,690 Oman rials, an increase from 74,850 rials in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin declined to 3.4% from 4.4% in the year-earlier period.
Total revenue increased 32.1% on an annual basis to 2.2 million rials from 1.7 million rials, and total operating expenses grew 34.8% year over year to 2.1 million rials from 1.5 million rials.
Reported net income grew on an annual basis to 122,700 rials, or 3 baiza per share, from 120,180 rials, or 3 baiza per share.
As of April 27, US$1 was equivalent to 385 Oman baiza.