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EESL fiscal Q1 loss widens 75.1% YOY

Emergent Global Edu & Services Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 32 Indian paise per share, compared with a loss of 18 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 a loss of 1.5 million rupees, compared with a loss of 837,500 rupees in the prior-year period.

Reported net income came to a loss of 2.3 million rupees, or a loss of 51 paise per share, compared to a loss of 1.3 million rupees, or a loss of 29 paise per share, in the year-earlier period.

As of Aug. 6, US$1 was equivalent to 61.34 Indian rupees.