Bahrain Flour Mills Co. BSC said its third-quarter normalized net income amounted to 412,660 Bahraini dinars, a gain from 52,980 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 climbed to 26.5% from 3.6% in the year-earlier period.
Total revenue rose year over year to 1.6 million dinars from 1.5 million dinars, and total operating expenses fell from the prior-year period to 1.4 million dinars from 1.5 million dinars.
Reported net income rose on an annual basis to 660,260 dinars, or 27 fils per share, from 84,770 dinars, or 3 fils per share.
As of Nov. 9, US$1 was equivalent to 380 Bahraini fils.