trending Market Intelligence /marketintelligence/en/news-insights/trending/El5Q07uwzHiHC_daqZsrXg2 content esgSubNav
In This List

Elpitiya Plantations 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

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Elpitiya Plantations fiscal Q3 profit falls YOY

Elpitiya Plantations PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 54 Sri Lankan cents per share, a decrease of 67.8% from 1.69 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 39.7 million rupees, a decrease of 67.7% from 123.1 million rupees in the year-earlier period.

The normalized profit margin dropped to 6.2% from 14.6% in the year-earlier period.

Total revenue fell 24.4% year over year to 639.2 million rupees from 845.6 million rupees, and total operating expenses declined 14.5% year over year to 604.4 million rupees from 706.6 million rupees.

Reported net income fell 68.3% on an annual basis to 60.6 million rupees, or 83 cents per share, from 190.8 million rupees, or 2.62 rupees per share.

As of Feb. 12, US$1 was equivalent to 132.72 Sri Lankan rupees.