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Wellness Noni fiscal Q1 profit climbs YOY

Wellness Noni Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 4 Indian paise per share, an increase from 2 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 135,000 rupees, an increase from 64,380 rupees in the prior-year period.

The normalized profit margin rose to 9.6% from 9.4% in the year-earlier period.

Total revenue climbed year over year to 1.4 million rupees from 688,000 rupees, and total operating expenses climbed on an annual basis to 1.2 million rupees from 585,000 rupees.

Reported net income increased on an annual basis to 146,000 rupees, or 4 paise per share, from 71,000 rupees, or 2 paise per share.

As of July 30, US$1 was equivalent to 60.35 Indian rupees.