Renuka City Hotels PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 17.17 Sri Lankan rupees per share, a gain from 6.04 rupees per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 120.2 million rupees, a gain from 42.3 million rupees in the prior-year period.
The normalized profit margin increased to 192.5% from 53.4% in the year-earlier period.
Total revenue totaled 62.4 million rupees.
Reported net income grew from the prior-year period to 190.8 million rupees, or 27.26 rupees per share, from 64.5 million rupees, or 9.22 rupees per share.
As of Feb. 12, US$1 was equivalent to 132.72 Sri Lankan rupees.
