Keells Food Products PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 3.09 Sri Lankan rupees per share, an increase of 11.2% from 2.78 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 78.8 million rupees, a gain of 11.1% from 70.9 million rupees in the year-earlier period.
The normalized profit margin dropped to 9.4% from 9.8% in the year-earlier period.
Total revenue rose 16.7% on an annual basis to 842.3 million rupees from 721.7 million rupees, and total operating expenses climbed 18.2% from the prior-year period to 717.6 million rupees from 606.9 million rupees.
Reported net income increased 7.5% on an annual basis to 98.0 million rupees, or 3.85 rupees per share, from 91.2 million rupees, or 3.58 rupees per share.
As of Jan. 14, US$1 was equivalent to 143.75 Sri Lankan rupees.