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IEC Education fiscal Q2 profit climbs YOY
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Complying with International Financial Reporting Standard IFRS 9
IEC Education Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 came to 207,500 rupees, an increase from 70,000 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 46,000 rupees, compared with a loss of 58,000 rupees in the year-earlier period.
As of Nov. 13, US$1 was equivalent to 66.19 Indian rupees.