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VMV Holidays swings to loss in fiscal H1

4980888 said its normalized net income for the fiscal first half ended Sept. 30 amounted to 808,130 rupees, compared with income of 121,880 rupees in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue grew on an annual basis to 44.1 million rupees from 15.7 million rupees, and total operating expenses climbed from the prior-year period to 46.9 million rupees from 15.6 million rupees.

Reported net income came to a loss of 1.3 million rupees, compared with income of 195,000 rupees in the year-earlier period.

s of Nov. 6, US$1 was equivalent to 66.11 Indian rupees.VMV Holidays Ltd.

4980888 said its normalized net income for the fiscal first half ended Sept. 30 amounted to 808,130 rupees, compared with income of 121,880 rupees in the year-earlier period.