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Bannu Woollen Mills swings to loss in fiscal Q3

4916796 said its normalized net income for the fiscal third quarter ended March 31 came to a loss of 27 Pakistani paisa per share, compared with 3 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 a loss of 2.9 million rupees, compared with income of 262,500 rupees in the prior-year period.

The normalized profit margin fell to negative 3.7% from 0.2% in the year-earlier period.

Total revenue fell 39.2% on an annual basis to 77.0 million rupees from 126.6 million rupees, and total operating expenses declined 35.6% from the prior-year period to 80.9 million rupees from 125.6 million rupees.

Reported net income totaled a loss of 423,000 rupees, or a loss of 4 paisa per share, compared to income of 3.1 million rupees, or 33 paisa per share, in the prior-year period.

s of May 5, US$1 was equivalent to 101.75 Pakistani rupees.Bannu Woollen Mills Ltd.

4916796 said its normalized net income for the fiscal third quarter ended March 31 came to a loss of 27 Pakistani paisa per share, compared with 3 paisa per share in the prior-year period.