Good Hope PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 76 Sri Lankan cents per share, a decrease of 46.2% from 1.41 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 5.2 million rupees, a decline of 46.1% from 9.7 million rupees in the year-earlier period.
The normalized profit margin declined to 19.9% from 26.6% in the year-earlier period.
Total revenue declined 28.1% on an annual basis to 26.2 million rupees from 36.4 million rupees, and total operating expenses decreased 14.7% from the prior-year period to 17.9 million rupees from 21.0 million rupees.
Reported net income decreased 13.9% year over year to 12.7 million rupees, or 1.85 rupees per share, from 14.7 million rupees, or 2.15 rupees per share.
As of Feb. 6, US$1 was equivalent to 132.96 Sri Lankan rupees.
