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Lotus Chocolate fiscal Q1 profit climbs YOY

Lotus Chocolate Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 4.1 million rupees, a gain from 18,130 rupees in the prior-year period.

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

The normalized profit margin climbed to 2.0% from 0.0% in the year-earlier period.

Total revenue grew 19.6% year over year to 205.8 million rupees from 172.0 million rupees, and total operating expenses rose 15.5% from the prior-year period to 199.2 million rupees from 172.5 million rupees.

Reported net income rose year over year to 6.6 million rupees, or 71 paise per share, from 29,000 rupees.

As of Aug. 13, US$1 was equivalent to 61.07 Indian rupees.