trending Market Intelligence /marketintelligence/en/news-insights/trending/srH7hzDCir6caNOUJBMn1g2 content esgSubNav
In This List

Pakistan Services fiscal Q2 profit climbs 37.9% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Pakistan Services fiscal Q2 profit climbs 37.9% YOY

Pakistan Services Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to 372.0 million rupees, a rise of 37.9% from 269.8 million rupees in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 17.8% from 13.8% in the year-earlier period.

Total revenue grew 7.2% year over year to 2.09 billion rupees from 1.95 billion rupees, and total operating expenses climbed 6.7% year over year to 1.64 billion rupees from 1.53 billion rupees.

Reported net income came to 490.8 million rupees, compared with 343.4 million rupees in the prior-year period.

As of Feb. 24, US$1 was equivalent to 101.83 Pakistani rupees.