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National Ranges Q1 loss widens 7.2% YOY

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National Ranges Q1 loss widens 7.2% YOY

National Shooting Co. K.S.C - Public said its normalized net income for the first quarter came to a loss of 494,760 dinars, compared with a loss of 461,640 dinars in the prior-year period.

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

The normalized profit margin was 262.9%.

Total revenue grew year over year to 188,190 dinars from 87,150 dinars, and total operating expenses climbed 57.3% from the prior-year period to 346,810 dinars from 220,440 dinars.

Reported net income came to a loss of 791,620 dinars, or a loss of 0 fils per share, compared to a loss of 738,630 dinars, or a loss of 0 fils per share, in the year-earlier period.

As of June 4, US$1 was equivalent to 30 Kuwaiti fils.