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Petra Education Q2 profit falls YOY

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Petra Education Q2 profit falls YOY

4916790 said its normalized net income for the second quarter was 3 Jordanian fils per share, a decrease of 20.9% from 4 fils per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 516,820 dinars, a decline of 21.5% from 658,550 dinars in the year-earlier period.

The normalized profit margin declined to 10.5% from 13.0% in the year-earlier period.

Total revenue fell year over year to 4.9 million dinars from 5.1 million dinars, and total operating expenses rose on an annual basis to 4.3 million dinars from 4.2 million dinars.

eported net income declined 21.4% from the prior-ye Petra Education Co. Public Shareholding Co..