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Paramount Textile fiscal Q3 profit falls YOY

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Paramount Textile fiscal Q3 profit falls YOY

4916514 said its normalized net income for the fiscal third quarter ended March 31 came to 27 poisha per share, a decline of 23.2% from 35 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 34.1 million taka, a decline of 23.6% from 44.7 million taka in the year-earlier period.

The normalized profit margin fell to 4.5% from 6.1% in the year-earlier period.

Total revenue climbed year over year to 756.5 million taka from 730.9 million taka, and total operating expenses increased 7.6% on an annual basis to 661.0 million taka from 614.3 million taka.

eported net income declined 30.5% year over ye Paramount Textile Ltd.