ANG Industries Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 2.5 million rupees, compared with a loss of 18.0 million rupees in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to negative 0.7% from negative 4.9% in the year-earlier period.
Total revenue declined 6.1% on an annual basis to 343.0 million rupees from 365.3 million rupees, and total operating expenses declined 11.9% from the prior-year period to 305.8 million rupees from 347.0 million rupees.
Reported net income totaled a loss of 4.0 million rupees, compared with a loss of 28.9 million rupees in the year-earlier period.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
