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Indian Extractions fiscal Q3 loss narrows YOY

Indian Extractions Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of 14 Indian paise per share, compared with a loss of 23 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 a loss of 461,880 rupees, compared with a loss of 774,380 rupees in the prior-year period.

Reported net income came to a loss of 739,000 rupees, or a loss of 22 paise per share, compared to a loss of 1.2 million rupees, or a loss of 37 paise per share, in the prior-year period.

As of Feb. 12, US$1 was equivalent to 62.20 Indian rupees.