Exide Pakistan Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 8.54 Pakistani rupees per share, a gain of 39.3% from 6.13 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 66.4 million rupees, an increase of 39.4% from 47.6 million rupees in the year-earlier period.
The normalized profit margin increased to 2.4% from 1.8% in the year-earlier period.
Total revenue increased 5.1% on an annual basis to 2.82 billion rupees from 2.68 billion rupees, and total operating expenses climbed on an annual basis to 2.66 billion rupees from 2.59 billion rupees.
Reported net income rose 64.8% from the prior-year period to 83.1 million rupees, or 10.69 rupees per share, from 50.4 million rupees, or 6.49 rupees per share.
As of Dec. 2, US$1 was equivalent to 101.65 Pakistani rupees.
