Filatex Fashions Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 26 Indian paise per share, compared with a loss of 13 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 3.1 million rupees, compared with a loss of 1.5 million rupees in the year-earlier period.
The normalized profit margin rose to 4.7% from negative 3.1% in the year-earlier period.
Total revenue increased 38.9% year over year to 66.2 million rupees from 47.6 million rupees, and total operating expenses increased 24.8% on an annual basis to 60.6 million rupees from 48.5 million rupees.
Reported net income totaled 5.0 million rupees, or 42 paise per share, compared to a loss of 2.3 million rupees, or a loss of 20 paise per share, in the prior-year period.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
