Tariq Glass Industries Ltd said its normalized net income for the fiscal third quarter ended March 31 amounted to 2.42 Pakistani rupees per share, an increase from 3 paisa per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 177.8 million rupees, an increase from 1.8 million rupees in the year-earlier period.
The normalized profit margin climbed to 9.0% from 0.1% in the year-earlier period.
Total revenue increased 8.4% on an annual basis to 1.97 billion rupees from 1.81 billion rupees, and total operating expenses decreased 6.2% on an annual basis to 1.60 billion rupees from 1.71 billion rupees.
Reported net income totaled 183.4 million rupees, or 2.50 rupees per share, compared to a loss of 24.8 million rupees, or a loss of 34 paisa per share, in the year-earlier period.
As of April 29, US$1 was equivalent to 104.80 Pakistani rupees.