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Sampre Nutritions swings to profit in fiscal Q1

Sampre Nutritions Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 19 Indian paise per share, compared with a loss of 34 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 890,000 rupees, compared with a loss of 1.7 million rupees in the year-earlier period.

The normalized profit margin increased to 1.8% from negative 8.6% in the year-earlier period.

Total revenue rose year over year to 50.3 million rupees from 19.3 million rupees, and total operating expenses increased year over year to 48.5 million rupees from 22.1 million rupees.

Reported net income came to 1.4 million rupees, or 30 paise per share, compared to a loss of 2.7 million rupees, or a loss of 55 paise per share, in the year-earlier period.

As of Aug. 7, US$1 was equivalent to 63.74 Indian rupees.