Tata Textile Mills Ltd. said its normalized net income for the fiscal third quarter ended March 31 was 1.28 Pakistani rupees per share, compared with a loss of 1.53 rupees per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 22.1 million rupees, compared with a loss of 26.5 million rupees in the year-earlier period.
The normalized profit margin rose to 1.8% from negative 2.0% in the year-earlier period.
Total revenue decreased on an annual basis to 1.25 billion rupees from 1.32 billion rupees, and total operating expenses declined 8.3% year over year to 1.19 billion rupees from 1.29 billion rupees.
Reported net income totaled 20.9 million rupees, or 1.21 rupees per share, compared to a loss of 56.2 million rupees, or a loss of 3.24 rupees per share, in the year-earlier period.
As of May 1, US$1 was equivalent to 101.69 Pakistani rupees.
