Maqbool Textile Mills Ltd. said its normalized net income for the fiscal fourth quarter ended June 30 amounted to 77 Pakistani paisa per share, compared with a loss of 2.51 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 13.0 million rupees, compared with a loss of 42.3 million rupees in the prior-year period.

The normalized profit margin climbed to 1.3% from negative 4.3% in the year-earlier period.

Total revenue climbed on an annual basis to 1.01 billion rupees from 984.1 million rupees, and total operating expenses decreased 7.4% from the prior-year period to 957.8 million rupees from 1.03 billion rupees.

Reported net income came to 19.4 million rupees, or 1.15 rupees per share, compared to a loss of 58.1 million rupees, or a loss of 3.45 rupees per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 1.23 rupees per share, compared with a loss of 2.01 rupees per share in the prior year.

Normalized net income was a loss of 20.6 million rupees, compared with a loss of 33.7 million rupees in the prior year.

Full-year total revenue rose 6.6% on an annual basis to 4.28 billion rupees from 4.01 billion rupees, and total operating expenses rose 6.3% year over year to 4.22 billion rupees from 3.97 billion rupees.

The company said reported net income came to a loss of 60.4 million rupees, or a loss of 3.59 rupees per share, in the full year, compared with a loss of 66.7 million rupees, or a loss of 3.97 rupees per share, the prior year.

As of Oct. 7, US$1 was equivalent to 104.63 Pakistani rupees.