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Tatia Global Vennture swings to loss in fiscal Q1

Tatia Global Vennture Ltd. said its normalized net income for the fiscal first quarter ended June 30 was a loss of 650,000 rupees, compared with income of 386,880 rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income came to a loss of 1.0 million rupees, or a loss of 1 paise per share, compared to income of 618,000 rupees, or 0 paise per share, in the prior-year period.

As of July 31, US$1 was equivalent to 60.88 Indian rupees.