Constance Hotels Services Ltd. said its first-quarter normalized net income came to 1.44 Mauritian rupees per share, a decrease of 30.4% from 2.06 rupees per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 157.4 million rupees, a gain of 19.2% from 132.1 million rupees in the year-earlier period.
The normalized profit margin climbed to 14.2% from 12.8% in the year-earlier period.
Total revenue rose 7.2% year over year to 1.11 billion rupees from 1.03 billion rupees, and total operating expenses increased year over year to 748.0 million rupees from 715.6 million rupees.
Reported net income increased 16.4% from the prior-year period to 234.5 million rupees, or 2.14 rupees per share, from 201.5 million rupees, or 3.15 rupees per share.
As of May 13, US$1 was equivalent to 35.02 Mauritian rupees.
