Netsol Technologies Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to 1.01 Pakistani rupees per share, compared with a loss of 73 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 90.5 million rupees, compared with a loss of 65.4 million rupees in the prior-year period.
The normalized profit margin rose to 8.2% from negative 8.7% in the year-earlier period.
Total revenue grew 46.2% on an annual basis to 1.10 billion rupees from 751.4 million rupees, and total operating expenses climbed 5.2% year over year to 857.0 million rupees from 814.8 million rupees.
Reported net income came to 171.9 million rupees, or 1.92 rupees per share, compared to a loss of 97.4 million rupees, or a loss of 1.09 rupees per share, in the prior-year period.
As of Feb. 25, US$1 was equivalent to 104.61 Pakistani rupees.
