Standard Ceramic Industries Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 came to 29 poisha per share, a gain of 8.3% from 27 poisha per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.9 million taka, an increase from 1.8 million taka in the year-earlier period.
The normalized profit margin climbed to 3.6% from 2.4% in the year-earlier period.
Total revenue fell 30.7% on an annual basis to 51.9 million taka from 74.9 million taka, and total operating expenses decreased 32.1% from the prior-year period to 49.1 million taka from 72.4 million taka.
Reported net income declined 17.3% year over year to 826,000 taka, or 13 poisha per share, from 999,000 taka, or 15 poisha per share.
As of Oct. 15, US$1 was equivalent to 77.81 taka.