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Koovs posts fiscal H1 loss

Koovs PLC said its normalized net income for the fiscal first half ended Sept. 30 was a loss of 149.4 million rupees.

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

Total revenue came to 81.7 million rupees, and total operating expenses totaled 517.8 million rupees.

Reported net income came to a loss of 286.9 million rupees, or a loss of 11.94 rupees per share.

As of Nov. 25, US$1 was equivalent to 61.85 Indian rupees.