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Cindrella Hotels fiscal Q3 profit climbs YOY

Cindrella Hotels Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 1.0 million rupees, an increase from 387,500 rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 3.8% from 4.3% in the year-earlier period.

Total revenue rose year over year to 27.2 million rupees from 9.1 million rupees, and total operating expenses increased from the prior-year period to 25.4 million rupees from 8.2 million rupees.

Reported net income totaled 1.5 million rupees, compared with 430,000 rupees in the prior-year period.

As of Feb. 15, US$1 was equivalent to 68.14 Indian rupees.