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LN Industries India fiscal Q2 loss widens YOY

LN Industries India Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 came to a loss of 13 Indian paise per share, compared with a loss of 6 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 a loss of 13.3 million rupees, compared with a loss of 6.2 million rupees in the prior-year period.

Reported net income totaled a loss of 21.3 million rupees, or a loss of 21 paise per share, compared to a loss of 10.3 million rupees, or a loss of 10 paise per share, in the prior-year period.

As of Nov. 13, US$1 was equivalent to 66.19 Indian rupees.