trending Market Intelligence /marketintelligence/en/news-insights/trending/BLcmqCAgqbV8if2-9fM5KA2 content esgSubNav
In This List

Asian Hotels & Properties 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


Asian Hotels & Properties fiscal Q3 profit falls YOY

Asian Hotels & Properties PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 69 Sri Lankan cents per share, a decline of 17.5% from 84 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 304.8 million rupees, a decline of 17.7% from 370.2 million rupees in the year-earlier period.

The normalized profit margin dropped to 13.6% from 16.3% in the year-earlier period.

Total revenue decreased year over year to 2.24 billion rupees from 2.26 billion rupees, and total operating expenses grew 6.2% year over year to 1.64 billion rupees from 1.54 billion rupees.

Reported net income decreased 20.8% on an annual basis to 477.7 million rupees, or 1.08 rupees per share, from 602.8 million rupees, or 1.36 rupees per share.

As of Jan. 28, US$1 was equivalent to 132.28 Sri Lankan rupees.