Autodrome PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 1.04 Sri Lankan rupees per share, a gain of 42.3% from 73 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 12.5 million rupees, an increase of 42.3% from 8.8 million rupees in the year-earlier period.
The normalized profit margin climbed to 8.4% from 5.5% in the year-earlier period.
Total revenue declined 6.5% on an annual basis to 149.1 million rupees from 159.5 million rupees, and total operating expenses declined 10.5% year over year to 133.9 million rupees from 149.6 million rupees.
Reported net income increased 36.3% on an annual basis to 15.7 million rupees, or 1.31 rupees per share, from 11.5 million rupees, or 96 cents per share.
As of Jan. 26, US$1 was equivalent to 132.00 Sri Lankan rupees.
