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Eco Friendly Food Processing Park fiscal H1 profit climbs YOY

Eco Friendly Food Processing Park Ltd said its normalized net income for the fiscal first half ended Sept. 30 was 3 Indian paise per share, a decrease of 10.9% from 3 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 7.3 million rupees, an increase from 3.2 million rupees in the year-earlier period.

Total revenue increased 65.6% year over year to 14.7 million rupees from 8.9 million rupees, and total operating expenses decreased 43.0% on an annual basis to 3.0 million rupees from 5.3 million rupees.

Reported net income increased year over year to 11.7 million rupees, or 5 paise per share, from 4.9 million rupees, or 5 paise per share.

As of Nov. 24, US$1 was equivalent to 61.84 Indian rupees.