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Sura Development & Investment Q1 loss narrows YOY

Sura Development & Investment Co. (P.L.C) said its first-quarter normalized net income came to a loss of 5,290 dinars, compared with a loss of 7,630 dinars in the year-earlier period.

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

Reported net income totaled a loss of 8,460 dinars, or a loss of 0 fils per share, compared to a loss of 12,210 dinars, or a loss of 0 fils per share, in the year-earlier period.

As of April 28, US$1 was equivalent to 71 Jordanian fils.