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Gillette Pakistan fiscal Q2 profit falls YOY

Gillette Pakistan Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to 1.49 Pakistani rupees per share, a decline of 12.2% from 1.70 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 28.7 million rupees, a decline of 12.0% from 32.6 million rupees in the prior-year period.

The normalized profit margin declined to 5.7% from 6.2% in the year-earlier period.

Total revenue declined year over year to 502.2 million rupees from 523.0 million rupees, and total operating expenses came to 480.6 million rupees, compared with 480.6 million rupees in the year-earlier period.

Reported net income fell 15.9% year over year to 18.1 million rupees, or 94 paisa per share, from 21.5 million rupees, or 1.12 rupees per share.

As of March 19, US$1 was equivalent to 102.02 Pakistani rupees.