Pakistan Tobacco Co. Ltd. said its normalized net income for the first quarter was 7.64 Pakistani rupees per share, an increase of 65.8% from 4.61 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 1.95 billion rupees, an increase of 66.0% from 1.18 billion rupees in the year-earlier period.
The normalized profit margin climbed to 17.2% from 12.8% in the year-earlier period.
Total revenue grew 23.5% year over year to 11.35 billion rupees from 9.19 billion rupees, and total operating expenses grew 13.1% from the prior-year period to 8.25 billion rupees from 7.29 billion rupees.
Reported net income rose 67.5% on an annual basis to 2.08 billion rupees, or 8.15 rupees per share, from 1.24 billion rupees, or 4.87 rupees per share.
As of April 30, US$1 was equivalent to 101.69 Pakistani rupees.
