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Majan College fiscal Q2 profit climbs YOY

4915686 said its normalized net income for the fiscal second quarter ended Feb. 28 amounted to 294,630 rials, an increase from 287,590 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 13.8% from 21.0% in the year-earlier period.

Total revenue grew 14.8% year over year to 1.6 million rials from 1.4 million rials, and total operating expenses increased 21.1% year over year to 1.1 million rials from 907,910 rials.

Reported net income rose on an annual basis to 470,940 rials, or 2 baiza per share, from 457,990 rials, or 2 baiza per share.

s of March 27, US$1 was equivalent to 39 Oman baiza.Majan College (University College) SAOG

4915686 said its normalized net income for the fiscal second quarter ended Feb. 28 amounted to 294,630 rials, an increase from 287,590 rials in the prior-year period.