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Aruj Industries fiscal Q2 profit climbs 85.3% YOY

Aruj Industries Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to 42 Pakistani paisa per share, a gain of 9.0% from 39 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 4.4 million rupees, a gain of 85.3% from 2.4 million rupees in the year-earlier period.

The normalized profit margin dropped to 1.8% from 2.3% in the year-earlier period.

Total revenue rose on an annual basis to 248.7 million rupees from 103.2 million rupees, and total operating expenses rose year over year to 236.5 million rupees from 95.7 million rupees.

Reported net income rose 60.6% year over year to 5.3 million rupees, or 51 paisa per share, from 3.3 million rupees, or 54 paisa per share.

As of Feb. 27, US$1 was equivalent to 101.83 Pakistani rupees.