Calcom Vision Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 51 Indian paise per share, compared with a loss of 14 paise per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.7 million rupees, compared with a loss of 461,250 rupees in the year-earlier period.
The normalized profit margin rose to 5.5% from negative 1.4% in the year-earlier period.
Total revenue declined 7.2% on an annual basis to 30.2 million rupees from 32.5 million rupees, and total operating expenses declined 16.5% from the prior-year period to 27.4 million rupees from 32.8 million rupees.
Reported net income came to 2.7 million rupees, or 82 paise per share, compared to a loss of 5.4 million rupees, or a loss of 1.66 rupees per share, in the year-earlier period.
As of Feb. 12, US$1 was equivalent to 68.19 Indian rupees.