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Emerald Leisures fiscal Q1 loss widens 26.1% YOY

Emerald Leisures Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 2.32 Indian rupees per share, compared with a loss of 1.84 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 4.5 million rupees, compared with a loss of 3.6 million rupees in the year-earlier period.

Reported net income totaled a loss of 7.2 million rupees, or a loss of 3.71 rupees per share, compared to a loss of 5.7 million rupees, or a loss of 2.94 rupees per share, in the prior-year period.

As of Aug. 12, US$1 was equivalent to 61.08 Indian rupees.