trending Market Intelligence /marketintelligence/en/news-insights/trending/97rZpYQqW0GgXUjzw8oW3Q2 content esgSubNav
In This List

Ceylon Hotels fiscal Q3 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Ceylon Hotels fiscal Q3 profit falls YOY

Ceylon Hotels Corp. PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 7 Sri Lankan cents per share, a decrease of 22.5% from 9 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 13.1 million rupees, a decline of 25.3% from 17.5 million rupees in the year-earlier period.

The normalized profit margin climbed to 5.8% from 5.3% in the year-earlier period.

Total revenue fell 12.1% on an annual basis to 290.3 million rupees from 330.4 million rupees, and total operating expenses decreased 6.0% year over year to 231.5 million rupees from 246.3 million rupees.

Reported net income decreased 11.6% on an annual basis to 18.8 million rupees, or 11 cents per share, from 21.3 million rupees, or 11 cents per share.

As of Feb. 12, US$1 was equivalent to 132.72 Sri Lankan rupees.