Ismail Industries Ltd. said its normalized net income for the fiscal third quarter ended March 31 amounted to 2.76 Pakistani rupees per share, a gain of 31.8% from 2.10 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 139.8 million rupees, an increase of 31.9% from 105.9 million rupees in the year-earlier period.
The normalized profit margin climbed to 4.1% from 3.6% in the year-earlier period.
Total revenue increased 17.5% year over year to 3.43 billion rupees from 2.92 billion rupees, and total operating expenses grew 16.1% year over year to 3.06 billion rupees from 2.64 billion rupees.
Reported net income increased 9.4% on an annual basis to 155.8 million rupees, or 3.08 rupees per share, from 142.5 million rupees, or 2.82 rupees per share.
As of April 29, US$1 was equivalent to 101.72 Pakistani rupees.
