Shah Foods Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 45 Indian paise per share, compared with a loss of 1.49 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 269,380 rupees, compared with a loss of 889,380 rupees in the prior-year period.

The normalized profit margin was 2.2%.

Total revenue climbed on an annual basis to 12.5 million rupees from 226,000 rupees, and total operating expenses rose from the prior-year period to 12.2 million rupees from 1.7 million rupees.

Reported net income totaled 331,000 rupees, or 55 paise per share, compared to a loss of 1.4 million rupees, or a loss of 2.38 rupees per share, in the year-earlier period.

As of Oct. 30, US$1 was equivalent to 65.41 Indian rupees.