Olympic Industries Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 was 1.03 taka per share, an increase of 26.6% from 81 poisha per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 205.6 million taka, an increase of 26.6% from 162.4 million taka in the prior-year period.
The normalized profit margin increased to 10.1% from 8.4% in the year-earlier period.
Total revenue rose 5.9% on an annual basis to 2.04 billion taka from 1.92 billion taka, and total operating expenses grew from the prior-year period to 1.72 billion taka from 1.68 billion taka.
Reported net income grew 27.0% from the prior-year period to 235.7 million taka, or 1.18 taka per share, from 185.6 million taka, or 93 poisha per share.
As of Nov. 24, US$1 was equivalent to 77.32 taka.
