Hotel Sigiriya PLC said its normalized net income for the fiscal first quarter ended June 30 came to 58 Sri Lankan cents per share, compared with a loss of 28 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 3.4 million rupees, compared with a loss of 1.6 million rupees in the prior-year period.
The normalized profit margin rose to 6.4% from negative 4.6% in the year-earlier period.
Total revenue climbed 49.6% on an annual basis to 53.6 million rupees from 35.8 million rupees, and total operating expenses grew 27.7% year over year to 49.9 million rupees from 39.1 million rupees.
Reported net income came to 4.7 million rupees, or 81 cents per share, compared to a loss of 2.7 million rupees, or a loss of 46 cents per share, in the prior-year period.
As of Aug. 6, US$1 was equivalent to 133.84 Sri Lankan rupees.