Alltex Industries Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 13 poisha per share, compared with a loss of 8 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 7.3 million taka, compared with a loss of 4.5 million taka in the prior-year period.
The normalized profit margin rose to 2.2% from negative 0.7% in the year-earlier period.
Total revenue declined 52.4% on an annual basis to 325.7 million taka from 684.0 million taka, and total operating expenses fell 52.5% from the prior-year period to 298.2 million taka from 627.2 million taka.
Reported net income totaled 10.4 million taka, or 19 poisha per share, compared to a loss of 7.3 million taka, or a loss of 13 poisha per share, in the prior-year period.
As of Jan. 27, US$1 was equivalent to 77.71 taka.
