Phoenix Beverages Ltd. said its normalized net income for the fiscal third quarter ended March 31 was 2.90 Mauritian rupees per share, a decrease of 6.3% from 3.10 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 47.7 million rupees, a decline of 6.3% from 50.9 million rupees in the year-earlier period.

The normalized profit margin dropped to 4.1% from 4.5% in the year-earlier period.

Total revenue rose 10.1% on an annual basis to 1.25 billion rupees from 1.13 billion rupees, and total operating expenses climbed 11.5% from the prior-year period to 1.17 billion rupees from 1.05 billion rupees.

Reported net income fell 6.2% on an annual basis to 67.1 million rupees, or 4.08 rupees per share, from 71.5 million rupees, or 4.35 rupees per share.

As of May 10, US$1 was equivalent to 34.96 Mauritian rupees.