trending Market Intelligence /marketintelligence/en/news-insights/trending/zaVMXNsLMF1bNfcz2GVclg2 content esgSubNav
In This List

Jordan Dairy Q3 profit falls YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Jordan Dairy Q3 profit falls YOY

Jordan Dairy Co. Ltd. said its normalized net income for the third quarter was 1 Jordanian fils per share, a decline of 84.3% from 8 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 51,450 dinars, a decrease of 84.3% from 328,120 dinars in the prior-year period.

The normalized profit margin declined to 1.3% from 7.9% in the year-earlier period.

Total revenue declined year over year to 4.0 million dinars from 4.2 million dinars, and total operating expenses grew 7.6% on an annual basis to 3.9 million dinars from 3.6 million dinars.

Reported net income decreased 81.2% on an annual basis to 84,530 dinars, or 2 fils per share, from 449,680 dinars, or 11 fils per share.

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