Zenith Exports Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of 2.33 Indian rupees per share, compared with 2.29 rupees per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 12.6 million rupees, compared with income of 12.4 million rupees in the prior-year period.
The normalized profit margin declined to negative 1.9% from 1.8% in the year-earlier period.
Total revenue decreased 7.1% year over year to 656.0 million rupees from 706.5 million rupees, and total operating expenses declined on an annual basis to 670.3 million rupees from 681.4 million rupees.
Reported net income came to a loss of 17.2 million rupees, or a loss of 3.19 rupees per share, compared to income of 13.3 million rupees, or 2.46 rupees per share, in the prior-year period.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
