Renuka City Hotels PLC said its normalized net income for the fiscal second quarter ended Sept. 30 came to 7.99 Sri Lankan rupees per share, a decline of 12.0% from 9.08 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 55.9 million rupees, a decrease of 12.0% from 63.6 million rupees in the year-earlier period.
The normalized profit margin dropped to 87.8% from 88.3% in the year-earlier period.
Total revenue came to 63.7 million rupees.
Reported net income fell 10.8% year over year to 87.9 million rupees, or 12.56 rupees per share, from 98.5 million rupees, or 14.08 rupees per share.
As of Oct. 28, US$1 was equivalent to 130.90 Sri Lankan rupees.
