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Mirza International fiscal Q3 profit climbs 43.0% YOY

Mirza International Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 1.61 Indian rupees per share, an increase of 43.8% from 1.12 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 148.5 million rupees, a gain of 43.0% from 103.8 million rupees in the prior-year period.

The normalized profit margin climbed to 6.5% from 6.0% in the year-earlier period.

Total revenue climbed 33.0% year over year to 2.30 billion rupees from 1.73 billion rupees, and total operating expenses grew 31.6% on an annual basis to 1.95 billion rupees from 1.48 billion rupees.

Reported net income grew 42.8% on an annual basis to 155.3 million rupees, or 1.68 rupees per share, from 108.8 million rupees, or 1.17 rupees per share.

As of Jan. 23, US$1 was equivalent to 61.41 Indian rupees.