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Eastern Co. fiscal Q3 profit falls YOY

4916966 said its normalized net income for the fiscal third quarter ended March 31 amounted to 2.24 Egyptian pounds per share, a decline from 2.31 pounds per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 251.7 million pounds, a decrease from 260.6 million pounds in the prior-year period.

The normalized profit margin fell to 14.1% from 16.8% in the year-earlier period.

Total revenue grew 15.5% year over year to 1.79 billion pounds from 1.55 billion pounds, and total operating expenses grew 29.0% year over year to 1.41 billion pounds from 1.09 billion pounds.

eported net income fell 23.2% on an annual basis to 256.0 Eastern Co. S.A.E.