National Foods Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to 1.42 Pakistani rupees per share, compared with 1.42 rupees per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 147.1 million rupees, compared with 146.8 million rupees in the prior-year period.
The normalized profit margin declined to 5.8% from 6.9% in the year-earlier period.
Total revenue climbed 19.4% year over year to 2.52 billion rupees from 2.11 billion rupees, and total operating expenses rose 22.9% from the prior-year period to 2.28 billion rupees from 1.86 billion rupees.
Reported net income declined from the prior-year period to 159.9 million rupees, or 1.54 rupees per share, from 162.4 million rupees, or 1.57 rupees per share.
As of Feb. 25, US$1 was equivalent to 101.86 Pakistani rupees.
