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Murree Brewery fiscal Q1 profit climbs 65.5% YOY

Murree Brewery Co. Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 came to 10.25 Pakistani rupees per share, a gain of 65.5% from 6.19 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 236.3 million rupees, an increase of 65.5% from 142.7 million rupees in the year-earlier period.

The normalized profit margin increased to 16.6% from 13.0% in the year-earlier period.

Total revenue increased 30.1% year over year to 1.42 billion rupees from 1.09 billion rupees, and total operating expenses climbed 28.2% from the prior-year period to 1.11 billion rupees from 865.9 million rupees.

Reported net income rose 72.0% from the prior-year period to 259.3 million rupees, or 11.25 rupees per share, from 150.7 million rupees, or 6.54 rupees per share.

As of Oct. 30, US$1 was equivalent to 103.05 Pakistani rupees.