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Keya Cosmetics swings to profit in fiscal Q3

Keya Cosmetics Ltd. said its normalized net income for the fiscal third quarter ended March 31 was 23 poisha per share, compared with a loss of 6 poisha per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 229.7 million taka, compared with a loss of 63.7 million taka in the year-earlier period.

The normalized profit margin rose to 9.4% from negative 4.4% in the year-earlier period.

Total revenue rose 70.5% on an annual basis to 2.44 billion taka from 1.43 billion taka, and total operating expenses rose 30.9% year over year to 1.85 billion taka from 1.41 billion taka.

Reported net income totaled 357.7 million taka, or 36 poisha per share, compared to a loss of 127.6 million taka, or a loss of 13 poisha per share, in the year-earlier period.

As of April 15, US$1 was equivalent to 78.35 taka.