trending Market Intelligence /marketintelligence/en/news-insights/trending/WK6eSocnupghsVt4MNG6Fg2 content esgSubNav
In This List

Mehran Sugar Mills fiscal Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Mehran Sugar Mills fiscal Q1 profit falls YOY

Mehran Sugar Mills Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, amounted to 1.59 Pakistani rupees per share, a decrease of 22.7% from 2.06 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 50.9 million rupees, a decline of 22.5% from 65.7 million rupees in the year-earlier period.

The normalized profit margin increased to 6.3% from 3.5% in the year-earlier period.

Total revenue decreased 56.9% year over year to 803.2 million rupees from 1.86 billion rupees, and total operating expenses declined 57.3% on an annual basis to 744.6 million rupees from 1.74 billion rupees.

Reported net income fell 12.7% year over year to 64.4 million rupees, or 2.01 rupees per share, from 73.8 million rupees, or 2.31 rupees per share.

As of Feb. 3, US$1 was equivalent to 101.17 Pakistani rupees.