Future Lifestyle Fashions Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 10 Indian paise per share, an increase from 5 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 17.6 million rupees, an increase from 7.3 million rupees in the year-earlier period.
The normalized profit margin climbed to 0.2% from 0.1% in the year-earlier period.
Total revenue increased 9.8% year over year to 7.23 billion rupees from 6.59 billion rupees, and total operating expenses increased 10.4% year over year to 6.80 billion rupees from 6.16 billion rupees.
Reported net income declined 98.0% on an annual basis to 18.5 million rupees, or 11 paise per share, from 933.9 million rupees, or 6.05 rupees per share.
As of Feb. 5, US$1 was equivalent to 61.74 Indian rupees.
