Prima Agro Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 94 Indian paise per share, an increase from 30 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 4.9 million rupees, an increase from 1.5 million rupees in the year-earlier period.
The normalized profit margin rose to 18.7% from 7.8% in the year-earlier period.
Total revenue increased 33.7% year over year to 26.4 million rupees from 19.7 million rupees, and total operating expenses increased on an annual basis to 18.8 million rupees from 18.3 million rupees.
Reported net income rose on an annual basis to 5.3 million rupees, or 1.02 rupees per share, from 1.7 million rupees, or 33 paise per share.
As of Aug. 11, US$1 was equivalent to 61.19 Indian rupees.
