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Shakarganj fiscal Q2 profit climbs YOY

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MediaTalk | Season 2
Ep.1: Broadcast's Big Year


Global M&A by the Numbers Q4 2023

Shakarganj fiscal Q2 profit climbs YOY

Shakarganj Ltd. said its normalized net income for the fiscal second quarter ended March 31 came to 73 Pakistani paisa per share, a gain of 91.9% from 38 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 74.0 million rupees, an increase from 31.1 million rupees in the year-earlier period.

The normalized profit margin rose to 2.6% from 1.0% in the year-earlier period.

Total revenue declined 5.0% on an annual basis to 2.87 billion rupees from 3.02 billion rupees, and total operating expenses fell 8.1% from the prior-year period to 2.78 billion rupees from 3.03 billion rupees.

Reported net income totaled 95.8 million rupees, or 95 paisa per share, compared to a loss of 2.4 million rupees, or a loss of 3 paisa per share, in the prior-year period.

As of June 1, US$1 was equivalent to 104.76 Pakistani rupees.