trending Market Intelligence /marketintelligence/en/news-insights/trending/kK0VmNUTgE-PTOn4Mh-SEg2 content esgSubNav
In This List

Kelsey Developments fiscal Q3 loss widens 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

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Kelsey Developments fiscal Q3 loss widens YOY

Kelsey Developments PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of 1.98 Sri Lankan rupees per share, compared with a loss of 9 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 34.6 million rupees, compared with a loss of 1.5 million rupees in the year-earlier period.

Total revenue decreased 90.4% on an annual basis to 1.2 million rupees from 12.9 million rupees, and total operating expenses fell 19.6% on an annual basis to 19.0 million rupees from 23.6 million rupees.

Reported net income came to a loss of 50.7 million rupees, or a loss of 2.91 rupees per share, compared to a loss of 2.4 million rupees, or a loss of 14 cents per share, in the prior-year period.

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