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Innodis fiscal Q1 profit climbs 5.9% YOY

Innodis Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 was 68 Mauritian cents per share, an increase of 5.9% from 64 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 25.0 million rupees, a gain of 5.9% from 23.6 million rupees in the year-earlier period.

The normalized profit margin increased to 2.3% from 2.2% in the year-earlier period.

Total revenue climbed on an annual basis to 1.10 billion rupees from 1.06 billion rupees, and total operating expenses rose from the prior-year period to 1.04 billion rupees from 1.01 billion rupees.

Reported net income rose on an annual basis to 31.2 million rupees, or 85 cents per share, from 30.6 million rupees, or 83 cents per share.

As of Nov. 13, US$1 was equivalent to 36.07 Mauritian rupees.