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Negotium International fiscal Q3 profit climbs YOY

Negotium International Trade Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 135,270 rupees, a gain from 32,140 rupees in the year-earlier period.

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

The normalized profit margin climbed to 5.1% from 1.2% in the year-earlier period.

Total revenue stayed flat year over year at 2.6 million rupees, and total operating expenses fell 6.4% from the prior-year period to 2.4 million rupees from 2.6 million rupees.

Reported net income grew on an annual basis to 216,420 rupees, or 1 paise per share, from 51,420 rupees, or 0 paise per share.

As of March 30, US$1 was equivalent to 62.55 Indian rupees.