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Wellness Noni fiscal Q3 profit climbs 47.8% YOY

Wellness Noni Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 6 Indian paise per share, a gain of 54.0% from 4 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 170,000 rupees, an increase of 47.8% from 115,000 rupees in the year-earlier period.

The normalized profit margin climbed to 16.5% from 7.3% in the year-earlier period.

Total revenue fell 34.8% year over year to 1.0 million rupees from 1.6 million rupees, and total operating expenses decreased 45.7% from the prior-year period to 757,000 rupees from 1.4 million rupees.

Reported net income grew 47.2% year over year to 187,000 rupees, or 6 paise per share, from 127,000 rupees, or 4 paise per share.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.