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Thal Industries fiscal Q1 profit climbs YOY

Thal Industries Corp. Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, was 6.22 Pakistani rupees per share, an increase from 1.86 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 93.4 million rupees, a gain from 28.0 million rupees in the year-earlier period.

The normalized profit margin climbed to 4.4% from 1.9% in the year-earlier period.

Total revenue rose 46.4% on an annual basis to 2.10 billion rupees from 1.43 billion rupees, and total operating expenses grew 39.5% on an annual basis to 1.86 billion rupees from 1.33 billion rupees.

Reported net income increased on an annual basis to 98.6 million rupees, or 6.57 rupees per share, from 29.5 million rupees, or 1.97 rupees per share.

As of Feb. 18, US$1 was equivalent to 101.53 Pakistani rupees.