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Himachal Fibres swings to profit in fiscal Q3

4912302 said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 536,880 rupees, compared with a loss of 2.1 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 rose to 0.2% from negative 1.0% in the year-earlier period.

Total revenue rose 75.8% on an annual basis to 357.6 million rupees from 203.3 million rupees, and total operating expenses rose 75.5% on an annual basis to 343.8 million rupees from 196.0 million rupees.

eported net income came to 881,670 rupees, or 1 paise p Himachal Fibres Ltd.