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Kohinoor Textile Mills fiscal Q3 profit climbs YOY

4915498 said its normalized net income for the fiscal third quarter ended March 31 was 2.83 Pakistani rupees per share, a gain from 1.28 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 798.5 million rupees, a gain from 360.8 million rupees in the prior-year period.

The normalized profit margin rose to 8.5% from 4.1% in the year-earlier period.

Total revenue increased 5.2% year over year to 9.36 billion rupees from 8.90 billion rupees, and total operating expenses decreased year over year to 7.06 billion rupees from 7.34 billion rupees.

Reported net income grew 52.7% year over year to 1.05 billion rupees, or 3.72 rupees per share, from 688.7 million rupees, or 2.44 rupees per share.

s of April 30, US$1 was equivalent to 101.69 Pakistani rupees.Kohinoor Textile Mills Ltd

4915498 said its normalized net income for the fiscal third quarter ended March 31 was 2.83 Pakistani rupees per share, a gain from 1.28 rupees per share in the prior-year period.