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Tri-Star Polyester fiscal Q2 loss widens 11.5% YOY

Tri-Star Polyester Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to a loss of 14 Pakistani paisa per share, compared with a loss of 12 paisa per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 3.2 million rupees, compared with a loss of 2.9 million rupees in the year-earlier period.

Reported net income came to a loss of 5.1 million rupees, or a loss of 22 paisa per share, compared to a loss of 4.6 million rupees, or a loss of 19 paisa per share, in the year-earlier period.

As of March 2, US$1 was equivalent to 101.88 Pakistani rupees.