Alhaj Textile Mills Ltd. said its normalized net income for the fiscal third quarter ended March 31 came to 19 poisha per share, a decrease of 13.8% from 22 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 3.8 million taka, a decline of 13.8% from 4.4 million taka in the prior-year period.
The normalized profit margin climbed to 5.7% from 4.8% in the year-earlier period.
Total revenue fell 28.0% year over year to 65.7 million taka from 91.2 million taka, and total operating expenses declined 26.7% on an annual basis to 62.6 million taka from 85.4 million taka.
Reported net income fell 21.3% on an annual basis to 4.7 million taka, or 23 poisha per share, from 6.0 million taka, or 29 poisha per share.
As of April 30, US$1 was equivalent to 77.92 taka.
