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Landmarc Leisure Q1 loss widens 29.2% YOY

Landmarc Leisure Corp. Ltd. said its first-quarter normalized net income came to a loss of 6.5 million rupees, compared with a loss of 5.1 million rupees in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue declined 56.7% year over year to 1.8 million rupees from 4.2 million rupees, and total operating expenses came to 12.1 million rupees, compared with 12.0 million rupees in the year-earlier period.

Reported net income came to a loss of 11.2 million rupees, or a loss of 1 paise per share, compared to a loss of 7.7 million rupees, or a loss of 1 paise per share, in the year-earlier period.

As of April 17, US$1 was equivalent to 62.45 Indian rupees.