Indus Dyeing & Manufacturing Co. Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was 13.48 Pakistani rupees per share, an increase from 12.88 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 243.7 million rupees, an increase of 6.8% from 228.3 million rupees in the year-earlier period.
The normalized profit margin fell to 3.3% from 4.1% in the year-earlier period.
Total revenue climbed 34.8% on an annual basis to 7.48 billion rupees from 5.55 billion rupees, and total operating expenses rose 36.9% on an annual basis to 6.91 billion rupees from 5.05 billion rupees.
Reported net income declined 15.3% year over year to 330.4 million rupees, or 18.28 rupees per share, from 390.0 million rupees, or 22.01 rupees per share.
As of March 2, US$1 was equivalent to 101.88 Pakistani rupees.
