trending Market Intelligence /marketintelligence/en/news-insights/trending/aSNLsKhKgYciKsxXOgLX0Q2 content esgSubNav
In This List

Salona Cotspin swings to loss in fiscal Q3

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Salona Cotspin swings to loss in fiscal Q3

Salona Cotspin Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to a loss of 1.59 Indian rupees per share, compared with 2.49 rupees 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 8.3 million rupees, compared with income of 13.1 million rupees in the prior-year period.

The normalized profit margin dropped to negative 2.7% from 4.4% in the year-earlier period.

Total revenue grew year over year to 304.1 million rupees from 297.1 million rupees, and total operating expenses climbed 17.7% on an annual basis to 311.0 million rupees from 264.3 million rupees.

Reported net income totaled a loss of 10.7 million rupees, or a loss of 2.03 rupees per share, compared to income of 16.8 million rupees, or 3.19 rupees per share, in the year-earlier period.

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