National Foods Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 came to 2.55 Pakistani rupees per share, an increase of 27.8% from 1.99 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 263.8 million rupees, an increase of 27.6% from 206.7 million rupees in the year-earlier period.
The normalized profit margin increased to 8.7% from 8.3% in the year-earlier period.
Total revenue grew 23.0% on an annual basis to 3.04 billion rupees from 2.48 billion rupees, and total operating expenses rose 22.8% from the prior-year period to 2.60 billion rupees from 2.12 billion rupees.
Reported net income rose 30.2% on an annual basis to 283.4 million rupees, or 2.74 rupees per share, from 217.7 million rupees, or 2.10 rupees per share.
As of Oct. 24, US$1 was equivalent to 103 Pakistani rupees.
