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Viceroy Hotels fiscal Q4 loss narrows YOY

Viceroy Hotels Ltd said its normalized net income for the fiscal fourth quarter ended March 31 amounted to a loss of 5 Indian paise per share, compared with a loss of 11 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 2.0 million rupees, compared with a loss of 4.8 million rupees in the prior-year period.

The normalized profit margin climbed to negative 0.6% from negative 1.7% in the year-earlier period.

Total revenue rose 8.8% on an annual basis to 313.5 million rupees from 288.0 million rupees, and total operating expenses rose on an annual basis to 237.9 million rupees from 234.0 million rupees.

Reported net income came to a loss of 5.8 million rupees, or a loss of 14 paise per share, compared to a loss of 1.25 billion rupees, or a loss of 29.43 rupees per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 91 paise per share, compared with a loss of 1.25 rupees per share in the prior year.

Normalized net income was a loss of 38.6 million rupees, compared with a loss of 53.0 million rupees in the prior year.

Full-year total revenue grew on an annual basis to 1.10 billion rupees from 1.05 billion rupees, and total operating expenses totaled 899.6 million rupees, compared with 892.9 million rupees in the year-earlier period.

The company said reported net income came to a loss of 67.8 million rupees, or a loss of 1.60 rupees per share, in the full year, compared with a loss of 1.32 billion rupees, or a loss of 31.18 rupees per share, the prior year.

As of Aug. 14, US$1 was equivalent to 65.08 Indian rupees.