trending Market Intelligence /marketintelligence/en/news-insights/trending/Lgdl6xBYrsvuoZX9YRbbtA2 content esgSubNav
In This List

Hotel Sigiriya fiscal Q1 loss narrows YOY

Case Study

Broad Environmental Data Guides an Insurer’s Journey to Net Zero

Blog

Broadcast deal market recap, Q2'22

Blog

Japan M&A By the Numbers: Q1 2022

Podcast

Next in Tech | Episode 77: Language in Tech


Hotel Sigiriya fiscal Q1 loss narrows YOY

Hotel Sigiriya PLC said its normalized net income for the fiscal first quarter ended June 30 was a loss of 28 Sri Lankan cents per share, compared with a loss of 90 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 1.6 million rupees, compared with a loss of 5.3 million rupees in the year-earlier period.

The normalized profit margin increased to negative 4.6% from negative 24.1% in the year-earlier period.

Total revenue increased 63.3% year over year to 35.8 million rupees from 21.9 million rupees, and total operating expenses increased 19.3% year over year to 39.1 million rupees from 32.7 million rupees.

Reported net income totaled a loss of 2.7 million rupees, or a loss of 46 cents per share, compared to a loss of 7.3 million rupees, or a loss of 1.25 rupees per share, in the year-earlier period.

As of Aug. 7, US$1 was equivalent to 130.19 Sri Lankan rupees.