Bukit Darah PLC said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 78 Sri Lankan cents per share, compared with a loss of 3.80 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 a loss of 79.5 million rupees, compared with a loss of 387.4 million rupees in the year-earlier period.
The normalized profit margin climbed to negative 0.4% from negative 2.3% in the year-earlier period.
Total revenue increased 30.5% year over year to 21.68 billion rupees from 16.61 billion rupees, and total operating expenses rose 18.4% on an annual basis to 17.69 billion rupees from 14.94 billion rupees.
Reported net income grew year over year to 1.13 billion rupees, or 11.05 rupees per share, from 511.1 million rupees, or 5.01 rupees per share.
As of Aug. 14, US$1 was equivalent to 130.18 Sri Lankan rupees.
