Unilever Pakistan Foods Ltd said its first-quarter normalized net income came to 48.48 Pakistani rupees per share, a gain of 12.5% from 43.09 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 298.5 million rupees, a gain of 12.5% from 265.3 million rupees in the prior-year period.

The normalized profit margin climbed to 12.6% from 12.4% in the year-earlier period.

Total revenue rose 10.8% year over year to 2.37 billion rupees from 2.14 billion rupees, and total operating expenses climbed 10.5% on an annual basis to 1.88 billion rupees from 1.70 billion rupees.

Reported net income rose 18.5% on an annual basis to 351.5 million rupees, or 57.08 rupees per share, from 296.7 million rupees, or 48.19 rupees per share.

As of May 2, US$1 was equivalent to 104.78 Pakistani rupees.