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Renuka Foods fiscal Q2 profit climbs 70.9% YOY

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Renuka Foods fiscal Q2 profit climbs 70.9% YOY

4913195 said its normalized net income for the fiscal second quarter ended Sept. 30 came to 47 Sri Lankan cents per share, an increase of 71.3% from 28 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 44.6 million rupees, a gain of 70.9% from 26.1 million rupees in the year-earlier period.

The normalized profit margin increased to 2.4% from 1.7% in the year-earlier period.

Total revenue climbed 19.8% year over year to 1.87 billion rupees from 1.56 billion rupees, and total operating expenses rose 14.8% from the prior-year period to 1.58 billion rupees from 1.37 billion rupees.

Reported net income grew 66.4% on an annual basis to 141.7 million rupees, or 1.50 rupees per share, from 85.2 million rupees, or 90 cents per share.

s of Nov. 13, US$1 was equivalent to 142.05 Sri Lankan rupees.Renuka Foods PLC

4913195 said its normalized net income for the fiscal second quarter ended Sept. 30 came to 47 Sri Lankan cents per share, an increase of 71.3% from 28 cents per share in the year-earlier period.