Keells Food Products PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 2.78 Sri Lankan rupees per share, a gain from 94 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 70.9 million rupees, a gain from 24.0 million rupees in the year-earlier period.
The normalized profit margin increased to 9.8% from 3.7% in the year-earlier period.
Total revenue increased 12.3% on an annual basis to 721.7 million rupees from 642.4 million rupees, and total operating expenses came to 606.9 million rupees, compared with 603.7 million rupees in the year-earlier period.
Reported net income totaled 91.2 million rupees, or 3.58 rupees per share, compared to a loss of 111.9 million rupees, or a loss of 4.39 rupees per share, in the year-earlier period.
As of Feb. 6, US$1 was equivalent to 132.96 Sri Lankan rupees.
