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Century Enka fiscal Q3 profit falls YOY

Century Enka Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 5.89 Indian rupees per share, a decline of 7.7% from 6.38 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 128.8 million rupees, a decrease of 7.7% from 139.5 million rupees in the year-earlier period.

The normalized profit margin rose to 4.4% from 4.1% in the year-earlier period.

Total revenue decreased 15.4% on an annual basis to 2.91 billion rupees from 3.44 billion rupees, and total operating expenses declined 15.7% year over year to 2.69 billion rupees from 3.19 billion rupees.

Reported net income fell 5.0% on an annual basis to 139.7 million rupees, or 6.39 rupees per share, from 147.1 million rupees, or 6.73 rupees per share.

As of Feb. 4, US$1 was equivalent to 61.82 Indian rupees.