trending Market Intelligence /marketintelligence/en/news-insights/trending/VIhi5O4SOjZ9jec7n0P3Tw2 content esgSubNav
In This List

Tricom Fruit Products fiscal Q1 loss narrows YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Tricom Fruit Products fiscal Q1 loss narrows YOY

Tricom Fruit Products Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 86 Indian paise per share, compared with a loss of 1.71 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 13.8 million rupees, compared with a loss of 27.2 million rupees in the prior-year period.

Total revenue decreased 89.4% on an annual basis to 805,000 rupees from 7.6 million rupees, and total operating expenses fell 63.0% from the prior-year period to 9.1 million rupees from 24.5 million rupees.

Reported net income came to a loss of 27.7 million rupees, or a loss of 1.74 rupees per share, compared to a loss of 43.5 million rupees, or a loss of 2.73 rupees per share, in the prior-year period.

As of Aug. 14, US$1 was equivalent to 60.85 Indian rupees.