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Shield fiscal Q3 profit climbs YOY

Shield Corp. Ltd. said its normalized net income for the fiscal third quarter ended March 31 was 2.83 Pakistani rupees per share, an increase from 96 paisa per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 11.0 million rupees, an increase from 3.8 million rupees in the year-earlier period.

The normalized profit margin increased to 3.6% from 1.3% in the year-earlier period.

Total revenue increased on an annual basis to 304.6 million rupees from 293.9 million rupees, and total operating expenses came to 282.8 million rupees, compared with 282.2 million rupees in the year-earlier period.

Reported net income rose from the prior-year period to 12.5 million rupees, or 3.22 rupees per share, from 5.2 million rupees, or 1.33 rupees per share.

As of May 1, US$1 was equivalent to 101.69 Pakistani rupees.