Blessed Textiles Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 3.06 Pakistani rupees per share, a decline of 68.1% from 9.61 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 19.7 million rupees, a decline of 68.1% from 61.8 million rupees in the prior-year period.
The normalized profit margin fell to 1.0% from 4.1% in the year-earlier period.
Total revenue rose 31.3% year over year to 1.97 billion rupees from 1.50 billion rupees, and total operating expenses climbed 39.0% on an annual basis to 1.86 billion rupees from 1.34 billion rupees.
Reported net income fell 85.6% from the prior-year period to 12.1 million rupees, or 1.88 rupees per share, from 83.9 million rupees, or 13.04 rupees per share.
As of March 6, US$1 was equivalent to 101.77 Pakistani rupees.
