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Amaya Leisure fiscal Q3 profit falls YOY

Amaya Leisure PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 79 Sri Lankan cents per share, a decrease of 43.4% from 1.39 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 41.1 million rupees, a decline of 43.2% from 72.4 million rupees in the year-earlier period.

The normalized profit margin fell to 12.6% from 23.7% in the year-earlier period.

Total revenue rose 6.7% on an annual basis to 325.4 million rupees from 305.1 million rupees, and total operating expenses grew 48.3% on an annual basis to 276.0 million rupees from 186.1 million rupees.

Reported net income declined 62.6% on an annual basis to 40.0 million rupees, or 77 cents per share, from 107.2 million rupees, or 2.06 rupees per share.

As of Feb. 6, US$1 was equivalent to 132.96 Sri Lankan rupees.