trending Market Intelligence /marketintelligence/en/news-insights/trending/i25dracXeV01UlUYCsov5g2 content esgSubNav
In This List

Prima Agro fiscal Q1 profit climbs YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


Prima Agro fiscal Q1 profit climbs YOY

Prima Agro Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 1.47 Indian rupees per share, a gain of 55.7% from 94 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 5.2 million rupees, a gain of 4.9% from 4.9 million rupees in the year-earlier period.

The normalized profit margin fell to 18.2% from 18.7% in the year-earlier period.

Total revenue climbed 7.4% on an annual basis to 28.3 million rupees from 26.4 million rupees, and total operating expenses grew 8.0% from the prior-year period to 20.3 million rupees from 18.8 million rupees.

Reported net income grew 5.1% year over year to 5.6 million rupees, or 1.59 rupees per share, from 5.3 million rupees, or 1.02 rupees per share.

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