Beximco Synthetics Ltd. said its normalized net income for the first quarter was a loss of 9 poisha per share, compared with 14 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 a loss of 8.2 million taka, compared with income of 12.0 million taka in the prior-year period.
The normalized profit margin declined to negative 3.4% from 3.3% in the year-earlier period.
Total revenue declined 31.5% year over year to 245.1 million taka from 357.8 million taka, and total operating expenses decreased 27.0% year over year to 222.7 million taka from 304.9 million taka.
Reported net income totaled a loss of 13.9 million taka, or a loss of 16 poisha per share, compared to income of 16.3 million taka, or 19 poisha per share, in the year-earlier period.
As of May 15, US$1 was equivalent to 77.91 taka.
