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Pee Cee Cosma Sope fiscal Q1 profit falls YOY

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.