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Rahima Food fiscal Q3 loss narrows YOY

Rahima Food Corp. Ltd. said its normalized net income for the fiscal third quarter ended March 31 came to a loss of 9 poisha per share, compared with a loss of 13 poisha per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 1.8 million taka, compared with a loss of 2.6 million taka in the year-earlier period.

Reported net income came to a loss of 2.7 million taka, or a loss of 13 poisha per share, compared to a loss of 5.1 million taka, or a loss of 26 poisha per share, in the year-earlier period.

As of May 4, US$1 was equivalent to 77.85 taka.