trending Market Intelligence /marketintelligence/en/news-insights/trending/PYED0ilSIUXIxTFqNKYYAA2 content esgSubNav
In This List

Indo-Malay fiscal Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Indo-Malay fiscal Q1 profit falls YOY

Indo-Malay PLC said its normalized net income for the fiscal first quarter ended June 30 was 1.94 Sri Lankan rupees per share, a decrease of 81.1% from 10.28 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 13.6 million rupees, a decrease of 81.1% from 71.9 million rupees in the year-earlier period.

The normalized profit margin dropped to 34.8% from 53.6% in the year-earlier period.

Total revenue declined 70.8% on an annual basis to 39.1 million rupees from 134.1 million rupees, and total operating expenses fell 8.7% from the prior-year period to 17.4 million rupees from 19.0 million rupees.

Reported net income declined 82.5% on an annual basis to 20.4 million rupees, or 2.92 rupees per share, from 116.6 million rupees, or 16.66 rupees per share.

As of Aug. 14, US$1 was equivalent to 130.18 Sri Lankan rupees.