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Emerald Leisures fiscal Q3 loss widens YOY

Emerald Leisures Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was a loss of 4.44 Indian rupees per share, compared with a loss of 2.14 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 8.7 million rupees, compared with a loss of 4.2 million rupees in the prior-year period.

Reported net income came to a loss of 13.9 million rupees, or a loss of 7.10 rupees per share, compared to a loss of 6.7 million rupees, or a loss of 3.42 rupees per share, in the prior-year period.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.