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First Winner Industries fiscal Q1 loss widens 72.9% YOY

First Winner Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 80.9 million rupees, compared with a loss of 46.8 million rupees in the prior-year period.

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

Reported net income came to a loss of 129.4 million rupees, compared with a loss of 74.8 million rupees in the prior-year period.

As of Aug. 13, US$1 was equivalent to 61.07 Indian rupees.