Euro Leder Fashion Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 18 Indian paise per share, a decline of 6.2% from 19 paise per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 648,750 rupees, a decrease from 656,880 rupees in the year-earlier period.
The normalized profit margin climbed to 0.5% from 0.5% in the year-earlier period.
Total revenue declined 8.2% on an annual basis to 121.2 million rupees from 132.0 million rupees, and total operating expenses decreased 5.9% on an annual basis to 133.4 million rupees from 141.7 million rupees.
Reported net income decreased 96.8% year over year to 1.0 million rupees, or 29 paise per share, from 32.1 million rupees, or 9.44 rupees per share.
As of Feb. 12, US$1 was equivalent to 62.20 Indian rupees.
