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Atlas Battery fiscal Q2 profit climbs 18.4% YOY

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Atlas Battery fiscal Q2 profit climbs 18.4% YOY

4914063 said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to 13.03 Pakistani rupees per share, an increase of 18.5% from 11.00 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 226.7 million rupees, a gain of 18.4% from 191.4 million rupees in the year-earlier period.

The normalized profit margin climbed to 7.5% from 5.4% in the year-earlier period.

Total revenue fell 14.3% year over year to 3.04 billion rupees from 3.55 billion rupees, and total operating expenses decreased 16.8% from the prior-year period to 2.65 billion rupees from 3.19 billion rupees.

Reported net income increased 23.1% year over year to 256.6 million rupees, or 14.75 rupees per share, from 208.5 million rupees, or 11.98 rupees per share.

s of Feb. 22, US$1 was equivalent to 104.80 Pakistani rupees.Atlas Battery Ltd

4914063 said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to 13.03 Pakistani rupees per share, an increase of 18.5% from 11.00 rupees per share in the year-earlier period.