trending Market Intelligence /marketintelligence/en/news-insights/trending/xh7H1U6wLVPcKyrPWoPNHw2 content esgSubNav
In This List

Delmon Poultry swings to profit in Q1

Video

According to Market Intelligence, December 2022

Podcast

Private Markets 360° | Episode 1: The role of ESG in Private Equity

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Investment Research Coverage of Inflation and Recession-Focused Topics on the Rise


Delmon Poultry swings to profit in Q1

Delmon Poultry Co. BSC said its normalized net income for the first quarter amounted to 91,480 Bahraini dinars, compared with a loss of 205,630 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 rose to 2.4% from negative 10.3% in the year-earlier period.

Total revenue climbed 93.0% year over year to 3.9 million dinars from 2.0 million dinars, and total operating expenses increased 57.7% year over year to 3.8 million dinars from 2.4 million dinars.

Reported net income came to 131,080 dinars, or 4 fils per share, compared to a loss of 345,410 dinars, or a loss of 11 fils per share, in the prior-year period.

As of May 11, US$1 was equivalent to 380 Bahraini fils.