Carson Cumberbatch PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 4.00 Sri Lankan rupees per share, a gain of 53.3% from 2.61 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 786.2 million rupees, an increase of 53.3% from 512.7 million rupees in the year-earlier period.
The normalized profit margin climbed to 3.5% from 2.4% in the year-earlier period.
Total revenue climbed on an annual basis to 22.59 billion rupees from 21.59 billion rupees, and total operating expenses grew 10.1% on an annual basis to 19.12 billion rupees from 17.38 billion rupees.
Reported net income decreased 32.4% from the prior-year period to 754.1 million rupees, or 3.84 rupees per share, from 1.12 billion rupees, or 5.68 rupees per share.
As of Feb. 6, US$1 was equivalent to 132.96 Sri Lankan rupees.
