Standard Ceramic Industries Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 came to 27 poisha per share, a gain from 13 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 1.8 million taka, an increase from 880,630 taka in the prior-year period.
The normalized profit margin rose to 2.4% from 1.6% in the year-earlier period.
Total revenue climbed 32.8% year over year to 74.9 million taka from 56.4 million taka, and total operating expenses increased 31.6% on an annual basis to 72.4 million taka from 55.0 million taka.
Reported net income increased 17.0% from the prior-year period to 999,000 taka, or 15 poisha per share, from 854,000 taka, or 13 poisha per share.
As of Oct. 15, US$1 was equivalent to 77.38 taka.
