Golden Harvest Agro Industries Ltd. said its normalized net income for the fiscal third quarter ended March 31 was 28 poisha per share, a gain of 19.1% from 23 poisha per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 30.2 million taka, an increase of 19.1% from 25.4 million taka in the year-earlier period.
The normalized profit margin fell to 13.9% from 14.4% in the year-earlier period.
Total revenue rose 23.6% year over year to 217.1 million taka from 175.7 million taka, and total operating expenses rose 5.7% on an annual basis to 125.4 million taka from 118.6 million taka.
Reported net income grew 15.5% on an annual basis to 33.5 million taka, or 31 poisha per share, from 29.0 million taka, or 27 poisha per share.
As of May 1, US$1 was equivalent to 77.72 taka.
