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ZIL Ltd. Q4 loss widens 30.7% YOY

ZIL Ltd. said its normalized net income for the fourth quarter was a loss of 3.06 Pakistani rupees per share, compared with a loss of 2.34 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 18.7 million rupees, compared with a loss of 14.3 million rupees in the year-earlier period.

The normalized profit margin fell to negative 5.3% from negative 4.2% in the year-earlier period.

Total revenue climbed on an annual basis to 350.5 million rupees from 339.6 million rupees, and total operating expenses grew from the prior-year period to 372.9 million rupees from 357.9 million rupees.

Reported net income totaled a loss of 33.9 million rupees, or a loss of 5.53 rupees per share, compared to a loss of 16.3 million rupees, or a loss of 2.67 rupees per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 14.69 rupees per share, compared with a loss of 16.00 rupees per share in the prior year.

Normalized net income was a loss of 89.9 million rupees, compared with a loss of 97.9 million rupees in the prior year.

Full-year total revenue increased on an annual basis to 1.34 billion rupees from 1.30 billion rupees, and total operating expenses grew on an annual basis to 1.47 billion rupees from 1.43 billion rupees.

The company said reported net income totaled a loss of 120.6 million rupees, or a loss of 19.69 rupees per share, in the full year, compared with a loss of 103.5 million rupees, or a loss of 16.90 rupees per share, the prior year.

As of April 7, US$1 was equivalent to 104.67 Pakistani rupees.