EIH Associated Hotels Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 4.72 Indian rupees per share, a gain of 9.0% from 4.33 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 143.5 million rupees, a gain of 8.8% from 131.9 million rupees in the prior-year period.
The normalized profit margin declined to 19.4% from 19.4% in the year-earlier period.
Total revenue rose 9.0% on an annual basis to 741.0 million rupees from 679.9 million rupees, and total operating expenses rose 12.1% from the prior-year period to 494.2 million rupees from 440.9 million rupees.
Reported net income increased 20.4% on an annual basis to 151.3 million rupees, or 4.97 rupees per share, from 125.7 million rupees, or 4.12 rupees per share.
As of Jan. 29, US$1 was equivalent to 61.78 Indian rupees.
