trending Market Intelligence /marketintelligence/en/news-insights/trending/aCgm6oCtR-VgkrCfcgF2hw2 content esgSubNav
In This List

Lanka Century Investments 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

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Lanka Century Investments fiscal Q3 profit falls YOY

Lanka Century Investments PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 4 Sri Lankan cents per share, a decline of 81.5% from 23 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 16.1 million rupees, a decline of 80.2% from 81.4 million rupees in the year-earlier period.

The normalized profit margin dropped to 1.3% from 3.8% in the year-earlier period.

Total revenue grew 11.3% year over year to 2.40 billion rupees from 2.16 billion rupees, and total operating expenses rose 15.1% year over year to 2.28 billion rupees from 1.98 billion rupees.

Reported net income decreased 82.2% year over year to 18.7 million rupees, or 5 cents per share, from 105.0 million rupees, or 30 cents per share.

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