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Sonali Aansh Industries fiscal Q3 profit climbs YOY

Sonali Aansh Industries Ltd. said its normalized net income for the fiscal third quarter ended March 31 amounted to 19 poisha per share, an increase of 99.8% from 10 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 528,130 taka, an increase from 260,630 taka in the prior-year period.

The normalized profit margin increased to 0.2% from 0.1% in the year-earlier period.

Total revenue grew 6.9% year over year to 215.3 million taka from 201.3 million taka, and total operating expenses rose 8.1% from the prior-year period to 203.6 million taka from 188.3 million taka.

Reported net income rose from the prior-year period to 712,000 taka, or 26 poisha per share, from 351,000 taka, or 13 poisha per share.

As of April 15, US$1 was equivalent to 77.75 taka.