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Janana De Malucho Textile Mills swings to loss in fiscal Q2

4916829 said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to a loss of 7.93 Pakistani rupees per share, compared with 11.30 rupees 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 37.9 million rupees, compared with income of 54.3 million rupees in the prior-year period.

The normalized profit margin fell to negative 7.5% from 8.4% in the year-earlier period.

Total revenue decreased 22.3% year over year to 504.6 million rupees from 649.1 million rupees, and total operating expenses fell 5.9% from the prior-year period to 536.1 million rupees from 569.4 million rupees.

eported net income came to a loss of 39.5 million rupees, or Janana De Malucho Textile Mills Ltd..