Shahtaj Sugar Mills Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, came to 91 Pakistani paisa per share, compared with a loss of 2.21 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 10.8 million rupees, compared with a loss of 26.6 million rupees in the prior-year period.
The normalized profit margin climbed to 1.1% from negative 4.8% in the year-earlier period.
Total revenue rose 73.1% year over year to 963.4 million rupees from 556.6 million rupees, and total operating expenses climbed 57.9% year over year to 936.2 million rupees from 593.0 million rupees.
Reported net income came to 7.3 million rupees, or 61 paisa per share, compared to a loss of 48.5 million rupees, or a loss of 4.03 rupees per share, in the prior-year period.
As of Feb. 4, US$1 was equivalent to 104.22 Pakistani rupees.