Namunukula Plantations PLC said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of 11 Sri Lankan cents per share, compared with 3.22 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 2.7 million rupees, compared with income of 76.4 million rupees in the prior-year period.
The normalized profit margin fell to negative 4.4% from 16.4% in the year-earlier period.
Total revenue climbed on an annual basis to 975.4 million rupees from 465.1 million rupees, and total operating expenses climbed from the prior-year period to 1.01 billion rupees from 385.5 million rupees.
Reported net income declined 90.2% year over year to 9.1 million rupees, or 38 cents per share, from 93.0 million rupees, or 3.92 rupees per share.
For the year, the company's normalized net income totaled 3.77 rupees per share, a fall of 62.4% from 10.01 rupees per share in the prior year.
Normalized net income was 89.4 million rupees, a fall of 62.4% from 237.8 million rupees in the prior year.
Full-year total revenue increased year over year to 2.19 billion rupees from 2.09 billion rupees, and total operating expenses grew 21.7% year over year to 2.19 billion rupees from 1.80 billion rupees.
The company said reported net income fell 55.0% year over year to 151.3 million rupees, or 6.37 rupees per share, in the full year, from 335.8 million rupees, or 14.14 rupees per share.
As of June 8, US$1 was equivalent to 133.99 Sri Lankan rupees.
