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.
