Renuka City Hotels PLC said its normalized net income for the fiscal first quarter ended June 30 was 5.63 Sri Lankan rupees per share, a decrease of 25.3% from 7.53 rupees per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 39.4 million rupees, a decline of 25.3% from 52.7 million rupees in the year-earlier period.
The normalized profit margin declined to 64.1% from 92.3% in the year-earlier period.
Total revenue came to 61.5 million rupees.
Reported net income decreased 24.4% year over year to 61.4 million rupees, or 8.78 rupees per share, from 81.3 million rupees, or 11.61 rupees per share.
As of Aug. 12, US$1 was equivalent to 130.20 Sri Lankan rupees.