SJ Corp. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 10 Indian paise per share, compared with a loss of 21 paise per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 895,630 rupees, compared with a loss of 1.8 million rupees in the year-earlier period.
The normalized profit margin increased to 0.9% from negative 1.5% in the year-earlier period.
Total revenue decreased 19.6% year over year to 94.3 million rupees from 117.3 million rupees, and total operating expenses declined 22.4% from the prior-year period to 92.1 million rupees from 118.8 million rupees.
Reported net income came to 1.2 million rupees, or 14 paise per share, compared to a loss of 2.9 million rupees, or a loss of 34 paise per share, in the year-earlier period.
As of Jan. 30, US$1 was equivalent to 62.01 Indian rupees.
