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Amtex fiscal Q1 loss narrows YOY

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Amtex fiscal Q1 loss narrows YOY

4910972 said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to a loss of 30 Pakistani paisa per share, compared with a loss of 33 paisa per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 79.1 million rupees, compared with a loss of 85.2 million rupees in the prior-year period.

The normalized profit margin rose to negative 12.7% from negative 12.8% in the year-earlier period.

Total revenue fell 6.9% year over year to 621.0 million rupees from 667.2 million rupees, and total operating expenses fell 6.4% from the prior-year period to 706.3 million rupees from 754.3 million rupees.

Reported net income came to a loss of 129.8 million rupees, or a loss of 50 paisa per share, compared to a loss of 138.7 million rupees, or a loss of 53 paisa per share, in the year-earlier period.

s of Oct. 30, US$1 was equivalent to 105.51 Pakistani rupees.Amtex Ltd.

4910972 said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to a loss of 30 Pakistani paisa per share, compared with a loss of 33 paisa per share in the prior-year period.