Maqbool Textile Mills Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to 80 Pakistani paisa per share, a decline of 33.7% from 1.20 rupees per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 13.4 million rupees, a decrease of 33.5% from 20.1 million rupees in the prior-year period.
The normalized profit margin dropped to 1.0% from 1.4% in the year-earlier period.
Total revenue fell 8.4% on an annual basis to 1.29 billion rupees from 1.40 billion rupees, and total operating expenses declined 8.9% on an annual basis to 1.23 billion rupees from 1.36 billion rupees.
Reported net income fell 12.3% on an annual basis to 12.8 million rupees, or 76 paisa per share, from 14.6 million rupees, or 87 paisa per share.
As of Feb. 19, US$1 was equivalent to 101.69 Pakistani rupees.
