Ismail Industries Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to 2.14 Pakistani rupees per share, a gain from 2.07 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 108.5 million rupees, an increase from 104.3 million rupees in the prior-year period.
The normalized profit margin dropped to 3.5% from 3.7% in the year-earlier period.
Total revenue grew 12.7% year over year to 3.14 billion rupees from 2.78 billion rupees, and total operating expenses rose 11.5% year over year to 2.79 billion rupees from 2.50 billion rupees.
Reported net income grew 42.5% year over year to 131.5 million rupees, or 2.60 rupees per share, from 92.3 million rupees, or 1.83 rupees per share.
As of Feb. 25, US$1 was equivalent to 101.86 Pakistani rupees.
