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Trend Electronics Q4 loss narrows YOY

Trend Electronics Ltd. said its fourth-quarter normalized net income amounted to a loss of 5.10 Indian rupees per share, compared with a loss of 7.43 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 38.3 million rupees, compared with a loss of 55.8 million rupees in the prior-year period.

The normalized profit margin increased to negative 1.0% from negative 1.5% in the year-earlier period.

Total revenue climbed on an annual basis to 3.83 billion rupees from 3.73 billion rupees, and total operating expenses came to 3.67 billion rupees, compared with 3.64 billion rupees in the prior-year period.

Reported net income came to a loss of 48.7 million rupees, or a loss of 6.49 rupees per share, compared to a loss of 75.6 million rupees, or a loss of 10.08 rupees per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 22.25 rupees per share, compared with a loss of 37.33 rupees per share in the prior year.

Normalized net income was a loss of 166.9 million rupees, compared with a loss of 280.0 million rupees in the prior year.

Full-year total revenue rose from the prior-year period to 15.06 billion rupees from 14.77 billion rupees, and total operating expenses came to 14.52 billion rupees, compared with 14.55 billion rupees in the year-earlier period.

The company said reported net income came to a loss of 212.4 million rupees, or a loss of 28.32 rupees per share, in the full year, compared with a loss of 347.8 million rupees, or a loss of 46.37 rupees per share, the prior year.

As of Feb. 12, US$1 was equivalent to 68.19 Indian rupees.