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Pacific Denims H1 profit climbs YOY

Pacific Denims Ltd. said its first-half normalized net income amounted to 95 poisha per share, an increase from 92 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 40.6 million taka, an increase from 39.1 million taka in the prior-year period.

Total revenue increased 5.6% year over year to 927.5 million taka from 878.5 million taka, and total operating expenses rose 5.6% year over year to 793.8 million taka from 751.6 million taka.

Reported net income increased on an annual basis to 54.8 million taka, or 1.28 taka per share, from 53.0 million taka, or 1.24 taka per share.

As of Nov. 11, US$1 was equivalent to 78.59 taka.