National Poultry Co. PLC said its first-quarter normalized net income was 2 Jordanian fils per share, an increase from 2 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 549,580 dinars, an increase from 524,240 dinars in the year-earlier period.
The normalized profit margin rose to 2.7% from 2.2% in the year-earlier period.
Total revenue declined 13.6% year over year to 20.3 million dinars from 23.5 million dinars, and total operating expenses decreased 14.4% on an annual basis to 19.4 million dinars from 22.6 million dinars.
Reported net income declined 9.6% year over year to 728,820 dinars, or 2 fils per share, from 806,000 dinars, or 3 fils per share.
As of April 29, US$1 was equivalent to 71 Jordanian fils.
