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Murree Brewery fiscal Q3 profit climbs 25.6% YOY

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Murree Brewery fiscal Q3 profit climbs 25.6% YOY

Murree Brewery Co. Ltd said its normalized net income for the fiscal third quarter ended March 31 amounted to 13.33 Pakistani rupees per share, an increase of 25.6% from 10.61 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 307.4 million rupees, an increase of 25.6% from 244.7 million rupees in the prior-year period.

The normalized profit margin climbed to 19.6% from 17.7% in the year-earlier period.

Total revenue rose 13.7% year over year to 1.57 billion rupees from 1.38 billion rupees, and total operating expenses rose 9.0% on an annual basis to 1.08 billion rupees from 986.6 million rupees.

Reported net income increased 33.3% from the prior-year period to 355.7 million rupees, or 15.43 rupees per share, from 266.8 million rupees, or 11.57 rupees per share.

As of April 29, US$1 was equivalent to 104.80 Pakistani rupees.