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Diamond Industries fiscal Q3 loss widens YOY

4914569 said its normalized net income for the fiscal third quarter ended March 31 was a loss of 1.27 Pakistani rupees per share, compared with a loss of 28 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 a loss of 11.5 million rupees, compared with a loss of 2.6 million rupees in the prior-year period.

The normalized profit margin fell to negative 6.3% from negative 1.8% in the year-earlier period.

Total revenue rose 30.4% year over year to 182.0 million rupees from 139.6 million rupees, and total operating expenses grew 39.6% on an annual basis to 194.0 million rupees from 139.0 million rupees.

Reported net income totaled a loss of 18.8 million rupees, or a loss of 2.09 rupees per share, compared to a loss of 5.1 million rupees, or a loss of 57 paisa per share, in the prior-year period.

s of April 28, US$1 was equivalent to 101.76 Pakistani rupees.Diamond Industries Ltd.

4914569 said its normalized net income for the fiscal third quarter ended March 31 was a loss of 1.27 Pakistani rupees per share, compared with a loss of 28 paisa per share in the prior-year period.