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Premier Polyfilm fiscal Q1 profit falls YOY

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MediaTalk | Season 2
Ep.1: Broadcast's Big Year


Global M&A by the Numbers Q4 2023

Premier Polyfilm fiscal Q1 profit falls YOY

Premier Polyfilm Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 22 Indian paise per share, a decline of 8.6% from 24 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.6 million rupees, a decline of 9.9% from 5.1 million rupees in the prior-year period.

The normalized profit margin climbed to 2.5% from 2.3% in the year-earlier period.

Total revenue fell 15.6% on an annual basis to 184.0 million rupees from 217.9 million rupees, and total operating expenses fell 16.0% year over year to 174.1 million rupees from 207.2 million rupees.

Reported net income fell 8.2% from the prior-year period to 5.6 million rupees, or 27 paise per share, from 6.1 million rupees, or 29 paise per share.

As of July 30, US$1 was equivalent to 60.35 Indian rupees.