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Peninsula Chittagong fiscal Q3 profit falls YOY

Peninsula Chittagong Ltd. said its normalized net income for the fiscal third quarter ended March 31 came to 17 poisha per share, a decrease of 34.1% from 25 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 19.8 million taka, a decrease of 34.1% from 30.0 million taka in the prior-year period.

The normalized profit margin declined to 25.3% from 38.7% in the year-earlier period.

Total revenue totaled 78.1 million taka, compared with 77.5 million taka in the prior-year period, and total operating expenses increased 26.2% from the prior-year period to 68.2 million taka from 54.1 million taka.

Reported net income decreased 31.8% year over year to 23.7 million taka, or 20 poisha per share, from 34.8 million taka, or 29 poisha per share.

As of April 27, US$1 was equivalent to 78.41 taka.