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Vegetable Products fiscal Q1 loss narrows YOY

Vegetable Products Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of 128,130 rupees, compared with a loss of 1.6 million rupees in the year-earlier period.

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

Reported net income totaled a loss of 455,000 rupees, or a loss of 0 paise per share, compared to a loss of 939,000 rupees, or a loss of 3 paise per share, in the year-earlier period.

As of Aug. 7, US$1 was equivalent to 63.74 Indian rupees.