trending Market Intelligence /marketintelligence/en/news-insights/trending/H9eypATQvJv4hEU-HZghqQ2 content esgSubNav
In This List

Tangerine Beach Hotels 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


Tangerine Beach Hotels fiscal Q3 profit falls YOY

Tangerine Beach Hotels PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 94 Sri Lankan cents per share, a decrease of 60.6% from 2.39 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 18.9 million rupees, a decrease of 60.6% from 48.0 million rupees in the year-earlier period.

The normalized profit margin fell to 12.9% from 25.4% in the year-earlier period.

Total revenue decreased 22.9% year over year to 145.9 million rupees from 189.1 million rupees, and total operating expenses decreased 7.0% from the prior-year period to 121.3 million rupees from 130.4 million rupees.

Reported net income fell 22.1% on an annual basis to 31.8 million rupees, or 1.59 rupees per share, from 40.9 million rupees, or 2.04 rupees per share.

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