Jetking Infotrain Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 37 Indian paise per share, a decrease of 60.0% from 91 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 2.2 million rupees, a decrease of 60.1% from 5.4 million rupees in the prior-year period.
The normalized profit margin declined to 3.5% from 8.0% in the year-earlier period.
Total revenue decreased 8.5% on an annual basis to 61.6 million rupees from 67.3 million rupees, and total operating expenses decreased year over year to 60.0 million rupees from 61.6 million rupees.
Reported net income decreased 14.5% on an annual basis to 5.4 million rupees, or 91 paise per share, from 6.3 million rupees, or 1.06 rupees per share.
As of Feb. 12, US$1 was equivalent to 62.20 Indian rupees.
