Dolphin Hotels PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 77 Sri Lankan cents per share, a decrease of 8.7% from 84 cents per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 24.3 million rupees, a decrease of 8.7% from 26.7 million rupees in the year-earlier period.
The normalized profit margin declined to 11.3% from 14.9% in the year-earlier period.
Total revenue grew 20.6% year over year to 215.9 million rupees from 179.0 million rupees, and total operating expenses climbed 20.0% year over year to 166.6 million rupees from 138.9 million rupees.
Reported net income decreased 10.0% from the prior-year period to 36.7 million rupees, or 1.16 rupees per share, from 40.8 million rupees, or 1.29 rupees per share.
As of Feb. 9, US$1 was equivalent to 132.80 Sri Lankan rupees.
