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Sampre Nutritions fiscal Q2 profit falls YOY

Sampre Nutritions Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 12 Indian paise per share, a decline of 61.2% from 31 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 575,630 rupees, a decrease of 61.5% from 1.5 million rupees in the year-earlier period.

The normalized profit margin dropped to 0.6% from 6.4% in the year-earlier period.

Total revenue climbed on an annual basis to 90.1 million rupees from 23.4 million rupees, and total operating expenses rose year over year to 88.0 million rupees from 20.3 million rupees.

Reported net income fell 61.5% on an annual basis to 921,000 rupees, or 19 paise per share, from 2.4 million rupees, or 49 paise per share.

As of Oct. 19, US$1 was equivalent to 64.84 Indian rupees.