Imam Button Industries Ltd. said its normalized net income for the fiscal third quarter ended March 31 was a loss of 11 poisha per share, compared with a loss of 6 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 a loss of 829,820 taka, compared with a loss of 478,350 taka in the year-earlier period.
The normalized profit margin declined to negative 7.8% from negative 3.7% in the year-earlier period.
Total revenue fell 17.2% year over year to 10.7 million taka from 12.9 million taka, and total operating expenses decreased 13.8% on an annual basis to 11.5 million taka from 13.3 million taka.
Reported net income came to a loss of 1.3 million taka, or a loss of 17 poisha per share, compared to a loss of 765,350 taka, or a loss of 10 poisha per share, in the prior-year period.
As of April 15, US$1 was equivalent to 77.75 taka.
