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Gillette Pakistan fiscal Q1 profit falls YOY

Gillette Pakistan Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 came to 1.27 Pakistani rupees per share, a decrease of 32.4% from 1.88 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 24.6 million rupees, a decrease of 31.9% from 36.1 million rupees in the year-earlier period.

The normalized profit margin declined to 5.2% from 6.5% in the year-earlier period.

Total revenue decreased 14.8% year over year to 471.0 million rupees from 552.7 million rupees, and total operating expenses fell year over year to 446.3 million rupees from 466.4 million rupees.

Reported net income fell 63.1% on an annual basis to 12.4 million rupees, or 64 paisa per share, from 33.6 million rupees, or 1.75 rupees per share.

As of Dec. 2, US$1 was equivalent to 101.65 Pakistani rupees.