Punjab Oil Mills Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to 13.86 Pakistani rupees per share, an increase from 2.64 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 74.7 million rupees, a gain from 14.7 million rupees in the year-earlier period.
The normalized profit margin climbed to 6.8% from 1.3% in the year-earlier period.
Total revenue totaled 1.10 billion rupees, compared with 1.11 billion rupees in the year-earlier period, and total operating expenses decreased 9.8% from the prior-year period to 985.4 million rupees from 1.09 billion rupees.
Reported net income came to 96.9 million rupees, or 17.98 rupees per share, compared to a loss of 501,310 rupees, or a loss of 9 paisa per share, in the prior-year period.
As of Feb. 25, US$1 was equivalent to 101.86 Pakistani rupees.
