Arab International for Investment & Education said its normalized net income for the second quarter amounted to 6 Jordanian fils per share, a decline of 13.0% from 6 fils per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.2 million dinars, a decrease of 13.0% from 2.6 million dinars in the year-earlier period.
The normalized profit margin rose to 36.4% from 21.6% in the year-earlier period.
Total revenue decreased 48.3% year over year to 6.1 million dinars from 11.9 million dinars, and total operating expenses decreased 53.2% from the prior-year period to 4.4 million dinars from 9.3 million dinars.
Reported net income decreased 9.8% from the prior-year period to 3.4 million dinars, or 8 fils per share, from 3.8 million dinars, or 9 fils per share.
As of July 28, US$1 was equivalent to 71 Jordanian fils.