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Integra Garments fiscal Q3 loss widens 77.8% YOY

Integra Garments & Textiles Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to a loss of 14 Indian paise per share, compared with a loss of 8 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 5.0 million rupees, compared with a loss of 2.8 million rupees in the prior-year period.

Reported net income came to a loss of 8.0 million rupees, or a loss of 22 paise per share, compared to a loss of 4.5 million rupees, or a loss of 12 paise per share, in the year-earlier period.

As of Feb. 11, US$1 was equivalent to 68.37 Indian rupees.