Premco Global Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 8.47 Indian rupees per share, an increase of 53.8% from 5.51 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 27.9 million rupees, a gain of 58.9% from 17.6 million rupees in the year-earlier period.
The normalized profit margin increased to 15.0% from 14.8% in the year-earlier period.
Total revenue increased 56.5% year over year to 186.4 million rupees from 119.1 million rupees, and total operating expenses increased 53.8% year over year to 142.9 million rupees from 92.9 million rupees.
Reported net income increased from the prior-year period to 28.1 million rupees, or 8.52 rupees per share, from 11.0 million rupees, or 3.45 rupees per share.
As of Nov. 17, US$1 was equivalent to 61.80 Indian rupees.
