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Akary for Industries & Real Estate Q3 loss narrows YOY

Akary for Industries & Real Estate Investments Co. PLC said its third-quarter normalized net income came to a loss of 1,100 dinars, compared with a loss of 4,960 dinars in the prior-year period.

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

Reported net income grew year over year to 13,480 dinars, or 1 fils per share, from 1,870 dinars, or 0 fils per share.

As of Oct. 27, US$1 was equivalent to 71 Jordanian fils.