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Premier Synthetics fiscal Q2 profit climbs 10.5% YOY

4915238 said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 4 Indian paise per share, an increase of 16.7% from 4 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 151,880 rupees, an increase of 10.5% from 137,500 rupees in the prior-year period.

The normalized profit margin rose to 0.5% from 0.4% in the year-earlier period.

Total revenue decreased 10.2% on an annual basis to 31.3 million rupees from 34.8 million rupees, and total operating expenses fell on an annual basis to 31.3 million rupees from 32.2 million rupees.

eported net income increased 10.5% from the prior-year Premier Synthetics Ltd.