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LN Industries India fiscal Q1 loss widens 37.3% YOY

LN Industries India Ltd said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of 12 Indian paise per share, compared with a loss of 9 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 a loss of 12.3 million rupees, compared with a loss of 8.9 million rupees in the prior-year period.

Reported net income totaled a loss of 19.6 million rupees, or a loss of 19 paise per share, compared to a loss of 14.3 million rupees, or a loss of 14 paise per share, in the year-earlier period.

As of Aug. 13, US$1 was equivalent to 65.29 Indian rupees.