Ghandhara Industries Ltd said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was 83 Pakistani paisa per share, compared with a loss of 1.07 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 17.4 million rupees, compared with a loss of 22.8 million rupees in the year-earlier period.
The normalized profit margin increased to 3.0% from negative 5.1% in the year-earlier period.
Total revenue increased 32.2% year over year to 586.3 million rupees from 443.3 million rupees, and total operating expenses rose 18.5% year over year to 514.1 million rupees from 433.7 million rupees.
Reported net income totaled 13.0 million rupees, or 62 paisa per share, compared to a loss of 31.6 million rupees, or a loss of 1.48 rupees per share, in the year-earlier period.
As of March 3, US$1 was equivalent to 101.89 Pakistani rupees.
