Golden Wheat Mills PLC said its normalized net income for the first quarter amounted to a loss of 133,750 dinars, compared with income of 53,650 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 declined to negative 11.1% from 2.4% in the year-earlier period.
Total revenue fell 35.1% on an annual basis to 1.4 million dinars from 2.2 million dinars, and total operating expenses decreased 26.7% from the prior-year period to 1.6 million dinars from 2.1 million dinars.
Reported net income came to a loss of 213,990 dinars, or a loss of 1 fils per share, compared to income of 78,670 dinars, or 1 fils per share, in the year-earlier period.
As of April 28, US$1 was equivalent to 71 Jordanian fils.
