Apex Spinning & Knitting Mills Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 62 poisha per share, compared with 62 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 5.2 million taka, compared with 5.2 million taka in the prior-year period.
The normalized profit margin fell to 0.8% from 0.8% in the year-earlier period.
Total revenue climbed on an annual basis to 641.3 million taka from 630.8 million taka, and total operating expenses rose year over year to 632.7 million taka from 622.5 million taka.
Reported net income increased 9.1% on an annual basis to 5.0 million taka, or 60 poisha per share, from 4.6 million taka, or 55 poisha per share.
As of Aug. 11, US$1 was equivalent to 77.53 taka.
