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First Winner Industries fiscal Q1 loss narrows YOY

First Winner Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 49.5 million rupees, compared with a loss of 80.9 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 came to a loss of 79.1 million rupees, compared with a loss of 129.4 million rupees in the year-earlier period.

As of July 15, US$1 was equivalent to 63.50 Indian rupees.