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Sura Development & Investment Q4 loss narrows YOY

Sura Development & Investment Co. (P.L.C) said its normalized net income for the fourth quarter came to a loss of 5,550 dinars, compared with a loss of 11,060 dinars in the year-earlier period.

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

Reported net income totaled a loss of 8,870 dinars, or a loss of 0 fils per share, compared to a loss of 17,690 dinars, or a loss of 0 fils per share, in the prior-year period.

For the year, the company's normalized net income totaled 21,480 dinars, compared with a loss of -31,240 dinars in the prior year.

The company said reported net income totaled a loss of 34,370 dinars, or a loss of 0 fils per share, in the full year, compared with a loss of 49,980 dinars, or a loss of 0 fils per share, the prior year.

As of Feb. 12, US$1 was equivalent to 71 Jordanian fils.