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Dwitiya Trading swings to profit in fiscal Q1

Dwitiya Trading Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 20,000 rupees, compared with a loss of 81,880 rupees in the prior-year period.

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

Reported net income totaled 32,000 rupees, compared with a loss of 131,000 rupees, or a loss of 5 paise per share, in the prior-year period.

As of July 28, US$1 was equivalent to 60.09 Indian rupees.