Zahidjee Textile Mills Ltd. said its normalized net income for the fiscal third quarter ended March 31 was 35 Pakistani paisa per share, a decline from 36 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 67.4 million rupees, a decline from 69.2 million rupees in the year-earlier period.

The normalized profit margin climbed to 3.7% from 3.7% in the year-earlier period.

Total revenue fell year over year to 1.83 billion rupees from 1.88 billion rupees, and total operating expenses fell from the prior-year period to 1.68 billion rupees from 1.71 billion rupees.

Reported net income decreased 7.3% year over year to 103.8 million rupees, or 55 paisa per share, from 112.0 million rupees, or 59 paisa per share.

As of May 2, US$1 was equivalent to 104.78 Pakistani rupees.