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Oasis Tradelink fiscal H1 profit falls YOY

Oasis Tradelink Ltd. said its normalized net income for the fiscal first half ended Sept. 30, 2014, came to 7 Indian paise per share, a decrease of 84.7% from 43 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 625,630 rupees, a decrease of 51.6% from 1.3 million rupees in the prior-year period.

Total revenue climbed 30.7% on an annual basis to 704.5 million rupees from 539.0 million rupees, and total operating expenses increased 31.0% on an annual basis to 699.4 million rupees from 534.0 million rupees.

Reported net income declined 39.0% from the prior-year period to 1.0 million rupees, or 11 paise per share, from 1.6 million rupees, or 54 paise per share.

As of Jan. 2, US$1 was equivalent to 63.24 Indian rupees.