Delmon Poultry Co. BSC said its normalized net income for the first quarter came to 317,240 Bahraini dinars, a rise of 77.1% from 179,080 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 climbed to 8.4% from 6.0% in the year-earlier period.
Total revenue climbed 25.7% on an annual basis to 3.8 million dinars from 3.0 million dinars, and total operating expenses grew 17.9% on an annual basis to 3.5 million dinars from 3.0 million dinars.
Reported net income increased 83.2% year over year to 489,910 dinars, or 16 fils per share, from 267,430 dinars, or 9 fils per share.
As of May 13, US$1 was equivalent to 380 Bahraini fils.