trending Market Intelligence /marketintelligence/en/news-insights/trending/XHjtbtXlari1iQ13tJhxQA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Delmon Poultry swings to loss in Q4

Which Companies Win from Decarbonizing Electricity?

Mining Exploration Insights - November 2020

Southeast Asian broadband providers report varying performance amid COVID-19

Cable networks react to pandemic by cutting SG&A, programming costs

Delmon Poultry swings to loss in Q4

Delmon Poultry Co. BSC said its fourth-quarter normalized net income amounted to a loss of 294,390 Bahraini dinars, compared with income of 252,770 dinars in the year-earlier period.

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

The normalized profit margin dropped to negative 9.8% from 7.0% in the year-earlier period.

Total revenue fell 16.6% year over year to 3.0 million dinars from 3.6 million dinars, and total operating expenses declined 5.8% on an annual basis to 3.2 million dinars from 3.4 million dinars.

Reported net income totaled a loss of 499,050 dinars, or a loss of 16 fils per share, compared to income of 373,980 dinars, or 12 fils per share, in the year-earlier period.

For the year, the company's normalized net income totaled 12 fils per share, a fall of 31.8% from 18 fils per share in the prior year.

Normalized net income was 376,620 dinars, a decline of 31.8% from 552,090 dinars in the prior year.

Full-year total revenue rose 8.3% from the prior-year period to 13.5 million dinars from 12.5 million dinars, and total operating expenses increased 6.8% on an annual basis to 13.2 million dinars from 12.4 million dinars.

The company said reported net income fell 35.4% year over year to 521,550 dinars, or 17 fils per share, in the full year, from 807,600 dinars, or 26 fils per share.

As of Feb. 10, US$1 was equivalent to 380 Bahraini fils.