Khyber Tobacco Co. Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 came to a loss of 37 Pakistani paisa per share, compared with a loss of 58 paisa per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 1.8 million rupees, compared with a loss of 2.8 million rupees in the prior-year period.

The normalized profit margin climbed to negative 1.5% from negative 4.8% in the year-earlier period.

Total revenue rose 97.4% on an annual basis to 115.2 million rupees from 58.4 million rupees, and total operating expenses climbed 88.7% from the prior-year period to 117.9 million rupees from 62.5 million rupees.

Reported net income totaled a loss of 1.2 million rupees, or a loss of 26 paisa per share, compared to a loss of 4.5 million rupees, or a loss of 94 paisa per share, in the prior-year period.

As of Oct. 30, US$1 was equivalent to 105.51 Pakistani rupees.