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IEC Education fiscal Q3 profit climbs YOY

IEC Education Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 192,500 rupees, an increase from 61,250 rupees in the prior-year period.

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

Reported net income totaled 30,000 rupees, or 0 paise per share, compared to a loss of 72,000 rupees in the year-earlier period.

As of Feb. 12, US$1 was equivalent to 68.19 Indian rupees.