Kemp and Company Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 79 Indian paise per share, a decrease of 58.3% from 1.89 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 856,250 rupees, a decline of 58.1% from 2.0 million rupees in the prior-year period.
The normalized profit margin declined to 5.7% from 12.0% in the year-earlier period.
Total revenue decreased 11.3% year over year to 15.1 million rupees from 17.0 million rupees, and total operating expenses fell 7.0% year over year to 13.8 million rupees from 14.8 million rupees.
Reported net income declined 63.5% on an annual basis to 890,000 rupees, or 82 paise per share, from 2.4 million rupees, or 2.26 rupees per share.
As of Feb. 12, US$1 was equivalent to 62.20 Indian rupees.
