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Anlima Yarn Dyeing fiscal Q1 profit falls YOY

Anlima Yarn Dyeing Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to 10 poisha per share, a decrease of 37.8% from 16 poisha per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.8 million taka, a decline of 37.8% from 2.8 million taka in the prior-year period.

The normalized profit margin fell to 3.7% from 5.4% in the year-earlier period.

Total revenue fell 7.2% on an annual basis to 48.7 million taka from 52.5 million taka, and total operating expenses declined year over year to 45.3 million taka from 46.2 million taka.

Reported net income decreased 35.2% year over year to 2.5 million taka, or 14 poisha per share, from 3.8 million taka, or 21 poisha per share.

As of Nov. 13, US$1 was equivalent to 78.09 taka.