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NB Footwear fiscal Q3 loss narrows YOY

N B Footwear Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of 2 Indian paise per share, compared with a loss of 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 a loss of 263,750 rupees, compared with a loss of 277,500 rupees in the prior-year period.

Reported net income came to a loss of 422,000 rupees, or a loss of 3 paise per share, compared to a loss of 444,000 rupees, or a loss of 3 paise per share, in the prior-year period.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.