Diana Tea Co. Ltd. said its normalized net income for the first quarter was a loss of 2.90 Indian rupees per share, compared with a loss of 2.76 rupees per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 43.5 million rupees, compared with a loss of 41.3 million rupees in the year-earlier period.
The normalized profit margin rose to negative 64.4% from negative 72.7% in the year-earlier period.
Total revenue grew 18.9% on an annual basis to 67.5 million rupees from 56.8 million rupees, and total operating expenses climbed 10.9% from the prior-year period to 138.8 million rupees from 125.1 million rupees.
Reported net income totaled a loss of 69.8 million rupees, or a loss of 4.66 rupees per share, compared to a loss of 66.1 million rupees, or a loss of 4.41 rupees per share, in the prior-year period.
As of May 11, US$1 was equivalent to 63.88 Indian rupees.
