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Sana Industries fiscal Q2 profit falls YOY

Sana Industries Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 79 Pakistani paisa per share, a decrease of 68.2% from 2.48 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 6.8 million rupees, a decline of 68.2% from 21.3 million rupees in the prior-year period.

The normalized profit margin declined to 1.9% from 6.2% in the year-earlier period.

Total revenue grew 6.0% on an annual basis to 365.1 million rupees from 344.6 million rupees, and total operating expenses increased 12.4% year over year to 339.8 million rupees from 302.2 million rupees.

Reported net income fell 70.4% year over year to 8.7 million rupees, or 1.01 rupees per share, from 29.5 million rupees, or 3.43 rupees per share.

As of Feb. 26, US$1 was equivalent to 101.85 Pakistani rupees.