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Eco Friendly Food Processing Park fiscal H1 profit falls YOY

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Eco Friendly Food Processing Park fiscal H1 profit falls YOY

Eco Friendly Food Processing Park Ltd said its normalized net income for the fiscal first half ended Sept. 30 amounted to 1 Indian paise per share, a decrease of 57.5% from 3 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.6 million rupees, a decline of 50.1% from 7.3 million rupees in the prior-year period.

Total revenue climbed 13.8% year over year to 16.8 million rupees from 14.7 million rupees, and total operating expenses grew year over year to 10.9 million rupees from 3.0 million rupees.

Reported net income declined 50.1% year over year to 5.8 million rupees, or 2 paise per share, from 11.7 million rupees, or 5 paise per share.

As of Nov. 13, US$1 was equivalent to 66.19 Indian rupees.