Kay & Que (Bangladesh) Ltd. said its first-quarter normalized net income was 7 poisha per share, compared with a loss of 13 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 312,500 taka, compared with a loss of 639,380 taka in the prior-year period.
The normalized profit margin rose to 1.2% from negative 2.6% in the year-earlier period.
Total revenue rose 9.1% year over year to 27.2 million taka from 24.9 million taka, and total operating expenses decreased from the prior-year period to 24.4 million taka from 24.7 million taka.
Reported net income totaled 325,000 taka, or 7 poisha per share, compared to a loss of 1.1 million taka, or a loss of 23 poisha per share, in the year-earlier period.
As of April 15, US$1 was equivalent to 77.75 taka.
