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Mandhana Retail posts fiscal H1 loss

Mandhana Retail Ventures Ltd. said its normalized net income for the fiscal first half ended Sept. 30 amounted to a loss of 2,240 rupees.

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

Reported net income totaled a loss of 3,580 rupees, or a loss of 7 paise per share.

As of Oct. 15, US$1 was equivalent to 61.40 Indian rupees.