Kohinoor Mills Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was 1.01 Pakistani rupees per share, a decline of 5.3% from 1.07 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 51.5 million rupees, a decrease of 5.4% from 54.4 million rupees in the year-earlier period.
The normalized profit margin increased to 2.7% from 2.6% in the year-earlier period.
Total revenue fell on an annual basis to 2.03 billion rupees from 2.07 billion rupees, and total operating expenses declined on an annual basis to 1.85 billion rupees from 1.88 billion rupees.
Reported net income fell 33.4% year over year to 47.8 million rupees, or 94 paisa per share, from 71.7 million rupees, or 1.41 rupees per share.
As of March 6, US$1 was equivalent to 101.77 Pakistani rupees.
