trending Market Intelligence /marketintelligence/en/news-insights/trending/JS4GODkoShZULiAS9GYMBQ2 content esgSubNav
In This List

Anilana Hotels & Properties fiscal Q2 loss narrows 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


Anilana Hotels & Properties fiscal Q2 loss narrows YOY

Anilana Hotels & Properties PLC said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to a loss of 11 Sri Lankan cents per share, compared with a loss of 14 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 a loss of 42.7 million rupees, compared with a loss of 55.7 million rupees in the prior-year period.

The normalized profit margin increased to negative 36.8% from negative 147.9% in the year-earlier period.

Total revenue increased year over year to 115.8 million rupees from 37.7 million rupees, and total operating expenses climbed 41.9% on an annual basis to 123.7 million rupees from 87.2 million rupees.

Reported net income totaled a loss of 61.0 million rupees, or a loss of 16 cents per share, compared to a loss of 89.9 million rupees, or a loss of 23 cents per share, in the year-earlier period.

As of Nov. 18, US$1 was equivalent to 131.05 Sri Lankan rupees.