Rangpur Dairy & Food Products Ltd. said its first-quarter normalized net income was 11 poisha per share, a decline of 19.9% from 14 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 7.1 million taka, a decrease of 26.3% from 9.6 million taka in the prior-year period.
The normalized profit margin declined to 6.7% from 8.4% in the year-earlier period.
Total revenue declined 7.4% on an annual basis to 105.7 million taka from 114.2 million taka, and total operating expenses declined year over year to 93.9 million taka from 98.5 million taka.
Reported net income fell 27.7% on an annual basis to 10.8 million taka, or 16 poisha per share, from 14.9 million taka, or 21 poisha per share.
As of April 15, US$1 was equivalent to 77.75 taka.
