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Anilana Hotels & Properties fiscal Q1 loss narrows YOY

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Anilana Hotels & Properties fiscal Q1 loss narrows YOY

Anilana Hotels & Properties PLC said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of 18 Sri Lankan cents per share, compared with a loss of 23 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 a loss of 70.6 million rupees, compared with a loss of 80.2 million rupees in the prior-year period.

The normalized profit margin was 198.5%.

Total revenue rose year over year to 35.5 million rupees from 8.2 million rupees, and total operating expenses increased 13.0% from the prior-year period to 90.6 million rupees from 80.2 million rupees.

Reported net income came to a loss of 115.8 million rupees, or a loss of 30 cents per share, compared to a loss of 128.3 million rupees, or a loss of 37 cents per share, in the prior-year period.

As of Aug. 15, US$1 was equivalent to 130.18 Sri Lankan rupees.