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Ghandhara Nissan fiscal Q3 profit climbs YOY

Ghandhara Nissan Ltd said its normalized net income for the fiscal third quarter ended March 31 was 4.39 Pakistani rupees per share, an increase from 1.40 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 197.6 million rupees, an increase from 63.0 million rupees in the prior-year period.

The normalized profit margin rose to 10.4% from 7.6% in the year-earlier period.

Total revenue grew on an annual basis to 1.90 billion rupees from 824.1 million rupees, and total operating expenses increased year over year to 1.57 billion rupees from 714.5 million rupees.

Reported net income increased year over year to 212.1 million rupees, or 4.71 rupees per share, from 58.6 million rupees, or 1.30 rupees per share.

As of April 30, US$1 was equivalent to 101.69 Pakistani rupees.