Singer Bangladesh said its normalized net income for the second quarter came to 2.31 taka per share, an increase from 92 poisha per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 176.8 million taka, a gain from 70.7 million taka in the year-earlier period.

The normalized profit margin rose to 6.5% from 3.7% in the year-earlier period.

Total revenue grew 42.3% year over year to 2.71 billion taka from 1.90 billion taka, and total operating expenses rose 35.7% year over year to 2.39 billion taka from 1.76 billion taka.

Reported net income increased from the prior-year period to 203.0 million taka, or 2.65 taka per share, from 80.1 million taka, or 1.04 taka per share.

As of July 28, US$1 was equivalent to 78.47 taka.