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Euro Leder Fashion fiscal Q3 profit falls YOY

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.