Alhaj Textile Mills Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was 16 poisha per share, a decline of 7.8% from 17 poisha per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.3 million taka, a decline of 7.8% from 3.5 million taka in the prior-year period.
The normalized profit margin increased to 9.9% from 5.8% in the year-earlier period.
Total revenue declined 46.1% on an annual basis to 33.1 million taka from 61.5 million taka, and total operating expenses decreased 45.9% year over year to 32.0 million taka from 59.0 million taka.
Reported net income declined 25.9% on an annual basis to 3.6 million taka, or 18 poisha per share, from 4.8 million taka, or 24 poisha per share.
As of Jan. 28, US$1 was equivalent to 77.85 taka.
