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Trend Electronics Q2 loss narrows YOY

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Trend Electronics Q2 loss narrows YOY

4624323 said its second-quarter normalized net income came to a loss of 5.61 Indian rupees per share, compared with a loss of 9.75 rupees 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 42.1 million rupees, compared with a loss of 73.1 million rupees in the prior-year period.

The normalized profit margin climbed to negative 1.1% from negative 2.0% in the year-earlier period.

Total revenue increased on an annual basis to 3.72 billion rupees from 3.68 billion rupees, and total operating expenses declined from the prior-year period to 3.61 billion rupees from 3.65 billion rupees.

eported net income came to a loss of 52.7 million rupees, Trend Electronics Ltd.