Pakistan Services Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to 384.9 million rupees, compared with a loss of 18.0 million rupees in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to 18.3% from negative 1.1% in the year-earlier period.
Total revenue grew 32.8% on an annual basis to 2.10 billion rupees from 1.58 billion rupees, and total operating expenses increased 13.2% on an annual basis to 1.87 billion rupees from 1.66 billion rupees.
Reported net income totaled 541.2 million rupees, compared with a loss of 84.3 million rupees in the prior-year period.
As of Oct. 30, US$1 was equivalent to 105.51 Pakistani rupees.