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Aman Feed fiscal Q2 profit climbs YOY

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Aman Feed fiscal Q2 profit climbs YOY

Aman Feed Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was 70 poisha per share, a gain from 34 poisha per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 80.7 million taka, an increase from 39.4 million taka in the year-earlier period.

The normalized profit margin increased to 10.0% from 5.5% in the year-earlier period.

Total revenue rose 12.8% year over year to 803.9 million taka from 712.5 million taka, and total operating expenses climbed 8.5% from the prior-year period to 636.9 million taka from 587.0 million taka.

Reported net income grew 77.4% year over year to 107.2 million taka, or 93 poisha per share, from 60.4 million taka, or 52 poisha per share.

As of Jan. 28, US$1 was equivalent to 78.48 taka.