Shadab Textile Mills Ltd. said its normalized net income for the fiscal third quarter ended March 31 was 2.87 Pakistani rupees per share, a gain from 72 paisa per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 8.6 million rupees, an increase from 2.1 million rupees in the year-earlier period.
The normalized profit margin climbed to 1.8% from 0.4% in the year-earlier period.
Total revenue decreased 13.8% on an annual basis to 465.6 million rupees from 540.1 million rupees, and total operating expenses decreased 15.1% year over year to 447.9 million rupees from 527.4 million rupees.
Reported net income rose 97.4% on an annual basis to 9.3 million rupees, or 3.11 rupees per share, from 4.7 million rupees, or 1.58 rupees per share.
As of April 30, US$1 was equivalent to 101.69 Pakistani rupees.
