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Rahima Food fiscal Q2 loss widens 63.8% YOY

Rahima Food Corp. Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to a loss of 11 poisha per share, compared with a loss of 7 poisha 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 2.3 million taka, compared with a loss of 1.4 million taka in the year-earlier period.

Reported net income came to a loss of 3.5 million taka, or a loss of 17 poisha per share, compared to a loss of 3.3 million taka, or a loss of 16 poisha per share, in the year-earlier period.

As of Feb. 2, US$1 was equivalent to 78.42 taka.