Lighthouse Hotel PLC said its normalized net income for the fiscal first quarter ended June 30 came to 12 Sri Lankan cents per share, compared with a loss of 6 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 5.3 million rupees, compared with a loss of 3.0 million rupees in the prior-year period.
The normalized profit margin climbed to 3.9% from negative 2.7% in the year-earlier period.
Total revenue increased 24.2% on an annual basis to 137.9 million rupees from 111.0 million rupees, and total operating expenses climbed 6.9% on an annual basis to 127.9 million rupees from 119.6 million rupees.
Reported net income totaled 5.8 million rupees, or 13 cents per share, compared to a loss of 8.0 million rupees, or a loss of 17 cents per share, in the prior-year period.
As of Aug. 8, US$1 was equivalent to 130.19 Sri Lankan rupees.
