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D.M. Textile Mills fiscal Q3 loss narrows YOY

D.M. Textile Mills Ltd. said its normalized net income for the fiscal third quarter ended March 31 came to a loss of 1.35 Pakistani rupees per share, compared with a loss of 1.68 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 a loss of 4.1 million rupees, compared with a loss of 5.1 million rupees in the year-earlier period.

Reported net income totaled a loss of 6.3 million rupees, or a loss of 2.05 rupees per share, compared to a loss of 9.6 million rupees, or a loss of 3.16 rupees per share, in the prior-year period.

As of April 29, US$1 was equivalent to 101.72 Pakistani rupees.