Shree Tulsi Online.Com Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 1 Indian paise per share, compared with 1 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 300,630 rupees, a gain of 17.3% from 256,250 rupees in the year-earlier period.

The normalized profit margin increased to 15.2% from 12.8% in the year-earlier period.

Total revenue declined on an annual basis to 2.0 million rupees from 2.0 million rupees, and total operating expenses fell 19.5% year over year to 1.5 million rupees from 1.9 million rupees.

Reported net income came to 481,000 rupees, or 2 paise per share, compared to 410,000 rupees, or 2 paise per share, in the prior-year period.

As of Aug. 11, US$1 was equivalent to 64.36 Indian rupees.