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Ismail Industries fiscal Q3 profit climbs 73.2% YOY

Ismail Industries Ltd. said its normalized net income for the fiscal third quarter ended March 31 was 4.79 Pakistani rupees per share, an increase of 73.5% from 2.76 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 242.1 million rupees, an increase of 73.2% from 139.8 million rupees in the prior-year period.

The normalized profit margin increased to 5.5% from 4.1% in the year-earlier period.

Total revenue climbed 11.1% on an annual basis to 3.81 billion rupees from 3.43 billion rupees, and total operating expenses rose 11.6% from the prior-year period to 3.42 billion rupees from 3.06 billion rupees.

Reported net income grew year over year to 312.1 million rupees, or 6.18 rupees per share, from 155.8 million rupees, or 3.08 rupees per share.

As of April 29, US$1 was equivalent to 104.80 Pakistani rupees.