trending Market Intelligence /marketintelligence/en/news-insights/trending/-ugm3EU2f3RCoQB4AUKwUg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Prima Industries fiscal Q1 loss narrows YOY


M&A rebound sparks optimism for near-term deal activity


Fintech Intelligence Newsletter: February 2021


Q&A: Navigating Climate Risk as a Financial Risk


Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain

Prima Industries fiscal Q1 loss narrows YOY

Prima Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of 21 Indian paise per share, compared with a loss of 36 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 a loss of 2.3 million rupees, compared with a loss of 3.8 million rupees in the year-earlier period.

The normalized profit margin declined to negative 9.7% from negative 8.1% in the year-earlier period.

Total revenue decreased 49.4% year over year to 23.9 million rupees from 47.3 million rupees, and total operating expenses fell 48.3% from the prior-year period to 27.7 million rupees from 53.5 million rupees.

Reported net income totaled a loss of 3.7 million rupees, or a loss of 34 paise per share, compared to a loss of 6.1 million rupees, or a loss of 57 paise per share, in the year-earlier period.

As of Sept. 14, US$1 was equivalent to 66.34 Indian rupees.