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Gillette Pakistan fiscal Q3 profit climbs YOY

Gillette Pakistan Ltd. said its normalized net income for the fiscal third quarter ended March 31 came to 3.44 Pakistani rupees per share, a gain from 1.62 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 66.1 million rupees, an increase from 31.3 million rupees in the year-earlier period.

The normalized profit margin climbed to 11.0% from 5.6% in the year-earlier period.

Total revenue increased 7.9% year over year to 599.1 million rupees from 555.4 million rupees, and total operating expenses declined from the prior-year period to 493.3 million rupees from 505.4 million rupees.

Reported net income grew on an annual basis to 73.9 million rupees, or 3.85 rupees per share, from 19.1 million rupees, or 99 paisa per share.

As of May 19, US$1 was equivalent to 101.86 Pakistani rupees.