Prima Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 3.8 million rupees, compared with a loss of 3.5 million rupees in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to negative 8.1% from negative 9.9% in the year-earlier period.
Total revenue increased 34.4% on an annual basis to 47.3 million rupees from 35.2 million rupees, and total operating expenses rose 31.1% from the prior-year period to 53.5 million rupees from 40.8 million rupees.
Reported net income totaled a loss of 6.1 million rupees, or a loss of 57 paise per share, compared to a loss of 5.6 million rupees in the prior-year period.
As of Aug. 11, US$1 was equivalent to 61.19 Indian rupees.
