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Trafco Group Q3 profit falls YOY

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Trafco Group Q3 profit falls YOY

Trafco Group B.S.C. said its normalized net income for the third quarter was 181,940 dinars, a fall of 20.7% from 229,290 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 dropped to 1.8% from 2.4% in the year-earlier period.

Total revenue increased year over year to 9.8 million dinars from 9.7 million dinars, and total operating expenses came to 9.5 million dinars, compared with 9.6 million dinars in the prior-year period.

Reported net income decreased on an annual basis to 291,910 dinars, or 4 fils per share, from 304,420 dinars, or 4 fils per share.

As of Nov. 6, US$1 was equivalent to 380 Bahraini fils.