Leiner Pak Gelatine Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was 98 Pakistani paisa per share, compared with a loss of 48 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 7.3 million rupees, compared with a loss of 3.6 million rupees in the prior-year period.
The normalized profit margin climbed to 4.9% from negative 6.2% in the year-earlier period.
Total revenue increased on an annual basis to 150.6 million rupees from 58.1 million rupees, and total operating expenses rose from the prior-year period to 136.5 million rupees from 62.0 million rupees.
Reported net income totaled 8.2 million rupees, or 1.09 rupees per share, compared to a loss of 6.8 million rupees, or a loss of 91 paisa per share, in the prior-year period.
As of Feb. 26, US$1 was equivalent to 101.85 Pakistani rupees.
