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.
