JDW Sugar Mills Ltd. said its normalized net income for the fiscal second quarter ended March 31 came to 7.59 Pakistani rupees per share, a gain from 1.51 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 453.7 million rupees, a gain from 90.0 million rupees in the year-earlier period.

The normalized profit margin climbed to 5.1% from 1.1% in the year-earlier period.

Total revenue increased 10.4% on an annual basis to 8.87 billion rupees from 8.04 billion rupees, and total operating expenses increased from the prior-year period to 7.27 billion rupees from 7.13 billion rupees.

Reported net income rose from the prior-year period to 1.05 billion rupees, or 17.60 rupees per share, from 141.5 million rupees, or 2.37 rupees per share.

As of May 22, US$1 was equivalent to 101.92 Pakistani rupees.