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Saboo Sodium Chloro fiscal Q1 profit climbs 23.5% YOY

Saboo Sodium Chloro Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 3 Indian paise per share, an increase of 25.0% from 3 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 568,750 rupees, an increase of 23.5% from 460,630 rupees in the prior-year period.

The normalized profit margin climbed to 1.3% from 1.2% in the year-earlier period.

Total revenue rose 16.3% year over year to 43.5 million rupees from 37.4 million rupees, and total operating expenses rose 11.2% year over year to 38.2 million rupees from 34.3 million rupees.

Reported net income rose 23.5% from the prior-year period to 910,000 rupees, or 5 paise per share, from 737,000 rupees, or 4 paise per share.

As of Aug. 14, US$1 was equivalent to 65.08 Indian rupees.