Husein Sugar Mills Ltd said its normalized net income for the fiscal second quarter ended March 31 was 4.29 Pakistani rupees per share, compared with a loss of 6.38 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 72.9 million rupees, compared with a loss of 108.5 million rupees in the prior-year period.

The normalized profit margin increased to 5.0% from negative 8.6% in the year-earlier period.

Total revenue rose 15.3% on an annual basis to 1.46 billion rupees from 1.27 billion rupees, and total operating expenses fell 7.1% year over year to 1.32 billion rupees from 1.42 billion rupees.

Reported net income totaled 165.9 million rupees, or 9.76 rupees per share, compared to a loss of 173.6 million rupees, or a loss of 10.21 rupees per share, in the prior-year period.

As of April 29, US$1 was equivalent to 104.80 Pakistani rupees.