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Monte Carlo Fashions posts fiscal Q1 profit

Monte Carlo Fashions Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 78.1 million rupees.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 10.5%.

Total revenue totaled 746.7 million rupees, and total operating expenses totaled 631.3 million rupees.

Reported net income totaled 85.2 million rupees, or 3.92 rupees per share.

As of Nov. 26, US$1 was equivalent to 61.75 Indian rupees.