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Regent Enterprises fiscal Q1 loss narrows YOY

Regent Enterprises Ltd said its normalized net income for the fiscal first quarter ended June 30 amounted to 6,250 rupees, compared with a loss of 113,130 rupees in the year-earlier period.

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

Reported net income came to a loss of 10,000 rupees, compared with a loss of 181,000 rupees, or a loss of 1 paise per share, in the year-earlier period.

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