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LN Industries India fiscal Q3 loss widens 96.2% YOY

LN Industries India Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to a loss of 12 Indian paise per share, compared with a loss of 6 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 a loss of 12.1 million rupees, compared with a loss of 6.2 million rupees in the prior-year period.

Reported net income totaled a loss of 19.3 million rupees, or a loss of 19 paise per share, compared to a loss of 10.2 million rupees, or a loss of 10 paise per share, in the prior-year period.

As of Feb. 12, US$1 was equivalent to 68.19 Indian rupees.