Zeal Bangla Sugar Mills Ltd. said its normalized net income for the fiscal third quarter ended March 31 amounted to a loss of 6.55 taka per share, compared with a loss of 6.52 taka per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 39.3 million taka, compared with a loss of 39.1 million taka in the year-earlier period.
The normalized profit margin fell to negative 47.5% from negative 38.9% in the year-earlier period.
Total revenue declined 17.6% year over year to 82.8 million taka from 100.5 million taka, and total operating expenses decreased 15.2% year over year to 121.0 million taka from 142.8 million taka.
Reported net income came to a loss of 62.9 million taka, or a loss of 10.48 taka per share, compared to a loss of 62.6 million taka, or a loss of 10.43 taka per share, in the year-earlier period.
As of April 15, US$1 was equivalent to 77.75 taka.
