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Flora Corp. fiscal Q3 profit climbs YOY

Flora Corp. Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 110,000 rupees, a rise from 7,500 rupees in the prior-year period.

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

The normalized profit margin increased to 19.5% from 2.0% in the year-earlier period.

Total revenue climbed 50.3% on an annual basis to 565,000 rupees from 376,000 rupees, and total operating expenses climbed 6.6% on an annual basis to 388,000 rupees from 364,000 rupees.

Reported net income rose on an annual basis to 176,000 rupees, or 2 paise per share, from 12,000 rupees, or 0 paise per share.

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