Zodiac Clothing Company Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 88 Indian paise per share, a decrease of 61.2% from 2.26 rupees per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 17.1 million rupees, a decline of 61.1% from 43.9 million rupees in the prior-year period.
The normalized profit margin declined to 1.9% from 4.3% in the year-earlier period.
Total revenue decreased 12.2% year over year to 886.3 million rupees from 1.01 billion rupees, and total operating expenses fell 8.3% on an annual basis to 858.6 million rupees from 936.3 million rupees.
Reported net income decreased 55.6% from the prior-year period to 22.0 million rupees, or 1.13 rupees per share, from 49.5 million rupees, or 2.55 rupees per share.
As of Feb. 11, US$1 was equivalent to 62.51 Indian rupees.
