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Spectrum Foods swings to loss in fiscal Q2

4915252 said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 381,250 rupees, compared with income of 78,750 rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to negative 3.0% from 2.1% in the year-earlier period.

Total revenue increased year over year to 12.5 million rupees from 3.7 million rupees, and total operating expenses grew on an annual basis to 9.7 million rupees from 3.6 million rupees.

eported net income totaled a loss of 610,000 rupees, co Spectrum Foods Ltd..