Alltex Industries Ltd. said its normalized net income for the fiscal third quarter ended March 31 was 19 poisha per share, compared with a loss of 21 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 10.5 million taka, compared with a loss of 11.5 million taka in the prior-year period.
The normalized profit margin climbed to 3.0% from negative 1.9% in the year-earlier period.
Total revenue fell 42.4% on an annual basis to 353.1 million taka from 613.1 million taka, and total operating expenses declined 43.3% on an annual basis to 320.9 million taka from 565.6 million taka.
Reported net income totaled 15.7 million taka, or 28 poisha per share, compared to a loss of 18.9 million taka, or a loss of 34 poisha per share, in the prior-year period.
As of April 30, US$1 was equivalent to 77.92 taka.
