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Vegetable Products fiscal Q3 loss narrows YOY

Vegetable Products Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to a loss of 531,250 rupees, compared with a loss of 1.8 million rupees in the prior-year period.

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

Reported net income totaled a loss of 850,000 rupees, or a loss of 1 paise per share, compared to a loss of 2.9 million rupees, or a loss of 8 paise per share, in the prior-year period.

As of May 13, US$1 was equivalent to 63.88 Indian rupees.