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James Warren Tea posts fiscal Q1 profit

James Warren Tea Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 13.0 million rupees.

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

The normalized profit margin was 9.7%.

Total revenue came to 134.2 million rupees, and total operating expenses came to 119.8 million rupees.

Reported net income came to 20.9 million rupees, or 1.74 rupees per share.

As of Aug. 12, US$1 was equivalent to 61.08 Indian rupees.