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Sunil Agro Foods fiscal Q3 profit falls YOY

Sunil Agro Foods Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 62 Indian paise per share, a decline of 28.7% from 87 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 1.9 million rupees, a decrease of 28.5% from 2.6 million rupees in the prior-year period.

The normalized profit margin rose to 0.8% from 0.7% in the year-earlier period.

Total revenue declined 35.6% year over year to 248.1 million rupees from 385.2 million rupees, and total operating expenses decreased 35.2% from the prior-year period to 245.1 million rupees from 378.2 million rupees.

Reported net income declined 29.5% year over year to 2.1 million rupees, or 69 paise per share, from 3.0 million rupees, or 98 paise per share.

As of Jan. 30, US$1 was equivalent to 62.01 Indian rupees.