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Thal fiscal Q2 profit climbs YOY

Thal Ltd said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 5.58 Pakistani rupees per share, a gain from 2.23 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 452.3 million rupees, an increase from 180.6 million rupees in the year-earlier period.

The normalized profit margin increased to 10.2% from 5.7% in the year-earlier period.

Total revenue grew 39.3% on an annual basis to 4.42 billion rupees from 3.17 billion rupees, and total operating expenses grew 33.0% from the prior-year period to 3.59 billion rupees from 2.70 billion rupees.

Reported net income grew from the prior-year period to 525.3 million rupees, or 6.48 rupees per share, from 180.7 million rupees, or 2.23 rupees per share.

As of Feb. 20, US$1 was equivalent to 101.67 Pakistani rupees.