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Addi Industries fiscal Q3 loss widens 15.5% YOY

Addi Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of 10 Indian paise per share, compared with a loss of 9 paise 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 1.1 million rupees, compared with a loss of 994,380 rupees in the prior-year period.

Reported net income totaled a loss of 1.1 million rupees, or a loss of 10 paise per share, compared to a loss of 1.7 million rupees, or a loss of 16 paise per share, in the prior-year period.

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