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First Winner Industries fiscal Q3 loss narrows YOY

First Winner Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 44.3 million rupees, compared with a loss of 49.3 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 totaled a loss of 70.9 million rupees, compared with a loss of 78.9 million rupees in the year-earlier period.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.