Leiner Pak Gelatine Ltd. said its normalized net income for the fiscal third quarter ended March 31 was 15 Pakistani paisa per share, a decrease of 62.4% from 41 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 1.1 million rupees, a decrease of 62.4% from 3.1 million rupees in the prior-year period.
The normalized profit margin dropped to 0.4% from 1.6% in the year-earlier period.
Total revenue rose 35.2% on an annual basis to 264.9 million rupees from 196.0 million rupees, and total operating expenses increased 39.6% from the prior-year period to 260.9 million rupees from 187.0 million rupees.
Reported net income fell 59.7% from the prior-year period to 1.3 million rupees, or 17 paisa per share, from 3.2 million rupees, or 43 paisa per share.
As of April 29, US$1 was equivalent to 101.72 Pakistani rupees.
