John Keells PLC said its normalized net income for the fiscal fourth quarter ended March 31 was 21 Sri Lankan cents per share, a decline of 73.8% from 79 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 12.4 million rupees, a decrease of 74.1% from 48.1 million rupees in the year-earlier period.
The normalized profit margin dropped to 6.7% from 21.0% in the year-earlier period.
Total revenue declined 19.5% on an annual basis to 184.6 million rupees from 229.4 million rupees, and total operating expenses rose 18.9% on an annual basis to 156.5 million rupees from 131.6 million rupees.
Reported net income declined 71.7% from the prior-year period to 21.0 million rupees, or 35 cents per share, from 74.2 million rupees, or 1.22 rupees per share.
For the year, the company's normalized net income totaled 3.00 rupees per share, an increase from 2.91 rupees per share in the prior year.
Normalized net income was 182.6 million rupees, a gain from 176.9 million rupees in the prior year.
Full-year total revenue rose 9.7% year over year to 959.9 million rupees from 874.8 million rupees, and total operating expenses grew 17.4% on an annual basis to 603.7 million rupees from 514.2 million rupees.
The company said reported net income grew year over year to 217.4 million rupees, or 3.58 rupees per share, in the full year, from 209.5 million rupees, or 3.45 rupees per share.
As of June 5, US$1 was equivalent to 133.86 Sri Lankan rupees.
