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LWS Knitwear fiscal Q3 profit falls YOY

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LWS Knitwear fiscal Q3 profit falls YOY

4912374 said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 2 Indian paise per share, a decline of 16.7% from 2 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 96,250 rupees, a decrease of 15.9% from 114,380 rupees in the year-earlier period.

The normalized profit margin declined to 0.2% from 0.9% in the year-earlier period.

Total revenue climbed on an annual basis to 52.4 million rupees from 13.4 million rupees, and total operating expenses climbed from the prior-year period to 50.5 million rupees from 13.2 million rupees.

eported net income decreased 15.8% on an annual basis LWS Knitwear Ltd.