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CHL Ltd. posts fiscal Q3 profit

CHL Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 1.9 million rupees.

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

The normalized profit margin was 1.4%.

Total revenue totaled 137.2 million rupees, and total operating expenses came to 126.0 million rupees.

Reported net income came to 3.0 million rupees, or 5 paise per share.

As of Feb. 9, US$1 was equivalent to 62.14 Indian rupees.