Palestine Poultry Co. Ltd. said its normalized net income for the first quarter came to 956,200 dinars, an increase from 24,320 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 increased to 11.3% from 0.4% in the year-earlier period.

Total revenue climbed 34.8% year over year to 8.4 million dinars from 6.3 million dinars, and total operating expenses grew 11.6% from the prior-year period to 6.9 million dinars from 6.2 million dinars.

Reported net income grew year over year to 1.4 million dinars, or 10 fils per share, from 15,660 dinars, or 0 fils per share.

As of April 15, US$1 was equivalent to 71 Jordanian fils.