Pee Cee Cosma Sope Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 1.52 Indian rupees per share, a decline of 62.9% from 4.09 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.9 million rupees, a decrease of 63.8% from 10.8 million rupees in the prior-year period.

The normalized profit margin fell to 1.7% from 5.1% in the year-earlier period.

Total revenue rose 8.1% on an annual basis to 230.8 million rupees from 213.6 million rupees, and total operating expenses rose 14.0% year over year to 223.1 million rupees from 195.7 million rupees.

Reported net income decreased 62.3% year over year to 4.4 million rupees, or 1.70 rupees per share, from 11.6 million rupees, or 4.40 rupees per share.

As of Aug. 14, US$1 was equivalent to 60.85 Indian rupees.