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Gul Ahmed Textile Mills fiscal Q2 profit falls YOY

4913299 said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to 1.19 Pakistani rupees per share, a decrease from 1.22 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 271.9 million rupees, a decrease from 279.4 million rupees in the prior-year period.

The normalized profit margin dropped to 2.8% from 3.2% in the year-earlier period.

Total revenue climbed 12.0% year over year to 9.79 billion rupees from 8.74 billion rupees, and total operating expenses grew 13.1% year over year to 8.90 billion rupees from 7.87 billion rupees.

eported net income rose 5.1% from the prior-year period to Gul Ahmed Textile Mills Ltd..