Malek Spinning Mills Ltd said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to 30 poisha per share, a gain from 29 poisha per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 59.0 million taka, a gain from 56.3 million taka in the prior-year period.
The normalized profit margin fell to 2.4% from 2.8% in the year-earlier period.
Total revenue increased 21.6% on an annual basis to 2.46 billion taka from 2.03 billion taka, and total operating expenses rose 26.5% from the prior-year period to 2.27 billion taka from 1.80 billion taka.
Reported net income grew 9.3% from the prior-year period to 80.6 million taka, or 42 poisha per share, from 73.7 million taka, or 38 poisha per share.
As of Jan. 29, US$1 was equivalent to 78.42 taka.