Ghandhara Nissan Ltd said its normalized net income for the fiscal first half ended Dec. 31, 2014, was 1.84 Pakistani rupees per share, an increase from 81 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 82.8 million rupees, a gain from 36.5 million rupees in the prior-year period.
Total revenue rose 96.6% on an annual basis to 1.93 billion rupees from 981.2 million rupees, and total operating expenses increased 96.4% year over year to 1.75 billion rupees from 890.7 million rupees.
Reported net income grew from the prior-year period to 92.3 million rupees, or 2.05 rupees per share, from 38.0 million rupees, or 85 paisa per share.
As of March 4, US$1 was equivalent to 101.88 Pakistani rupees.
