Kohinoor Chemical Co. (Bangladesh) Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 came to 1.50 taka per share, a decline of 9.9% from 1.67 taka per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 21.1 million taka, a decrease of 9.7% from 23.4 million taka in the year-earlier period.

The normalized profit margin rose to 3.3% from 3.3% in the year-earlier period.

Total revenue declined 10.5% on an annual basis to 637.5 million taka from 712.5 million taka, and total operating expenses fell 10.1% year over year to 595.3 million taka from 662.2 million taka.

Reported net income declined 5.5% year over year to 24.9 million taka, or 1.78 taka per share, from 26.4 million taka, or 1.88 taka per share.

As of Oct. 15, US$1 was equivalent to 77.81 taka.