KMG Milk Food Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 25 Indian paise per share, a decrease of 14.9% from 29 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 1.3 million rupees, a decrease of 15.7% from 1.6 million rupees in the prior-year period.
The normalized profit margin declined to 28.3% from 31.1% in the year-earlier period.
Total revenue decreased 7.5% year over year to 4.6 million rupees from 5.0 million rupees, and total operating expenses came to 2.5 million rupees, compared with 2.5 million rupees in the year-earlier period.
Reported net income declined 15.7% on an annual basis to 2.1 million rupees, or 40 paise per share, from 2.5 million rupees, or 47 paise per share.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
