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Ramboda Falls fiscal Q3 profit climbs YOY

Ramboda Falls PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 23 Sri Lankan cents per share, an increase from 22 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.7 million rupees, an increase from 4.5 million rupees in the year-earlier period.

The normalized profit margin declined to 16.0% from 17.0% in the year-earlier period.

Total revenue increased 10.3% year over year to 29.4 million rupees from 26.6 million rupees, and total operating expenses rose 17.9% from the prior-year period to 21.6 million rupees from 18.3 million rupees.

Reported net income increased year over year to 6.9 million rupees, or 34 cents per share, from 6.6 million rupees, or 33 cents per share.

As of Feb. 15, US$1 was equivalent to 144.09 Sri Lankan rupees.