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Aman Feed fiscal Q3 profit climbs 54.5% YOY

Aman Feed Ltd. said its normalized net income for the fiscal third quarter ended March 31 amounted to 72 poisha per share, a gain of 54.7% from 47 poisha per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 62.9 million taka, an increase of 54.5% from 40.7 million taka in the prior-year period.

The normalized profit margin increased to 8.6% from 6.2% in the year-earlier period.

Total revenue increased 11.4% on an annual basis to 735.6 million taka from 660.3 million taka, and total operating expenses rose 8.9% year over year to 604.4 million taka from 555.2 million taka.

Reported net income decreased 6.9% from the prior-year period to 58.1 million taka, or 67 poisha per share, from 62.4 million taka, or 72 poisha per share.

As of July 23, US$1 was equivalent to 77.75 taka.