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First Winner Industries fiscal Q3 loss widens 18.4% YOY

First Winner Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 52.5 million rupees, compared with a loss of 44.3 million rupees in the year-earlier period.

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

Reported net income came to a loss of 84.0 million rupees, compared with a loss of 70.9 million rupees in the prior-year period.

As of Feb. 12, US$1 was equivalent to 68.19 Indian rupees.