Paramount Textile Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 31 poisha per share, compared with 31 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 40.2 million taka, a decline from 40.7 million taka in the year-earlier period.
The normalized profit margin dropped to 5.3% from 5.6% in the year-earlier period.
Total revenue increased year over year to 757.4 million taka from 730.2 million taka, and total operating expenses increased 6.0% from the prior-year period to 654.6 million taka from 617.8 million taka.
Reported net income totaled 54.4 million taka, or 42 poisha per share, compared to 53.9 million taka, or 42 poisha per share, in the year-earlier period.
As of Jan. 27, US$1 was equivalent to 77.71 taka.
