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James Hotels fiscal Q1 loss widens 57.2% YOY

4980873 said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 4.19 Indian rupees per share, compared with a loss of 2.66 rupees 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 33.5 million rupees, compared with a loss of 21.3 million rupees in the year-earlier period.

The normalized profit margin declined to negative 69.1% from negative 39.3% in the year-earlier period.

Total revenue declined 10.6% year over year to 48.5 million rupees from 54.2 million rupees, and total operating expenses grew 17.8% on an annual basis to 72.1 million rupees from 61.2 million rupees.

eported net income totaled a loss of 53.6 million rupees, James Hotels Ltd..