trending Market Intelligence /marketintelligence/en/news-insights/trending/TE_hoaDELEIy-HKWijyEDw2 content esgSubNav
In This List

Kegalle Plantations fiscal Q3 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

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Kegalle Plantations fiscal Q3 profit falls YOY

Kegalle Plantations PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 1.54 Sri Lankan rupees per share, a decline of 49.8% from 3.07 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 38.6 million rupees, a decrease of 49.8% from 76.8 million rupees in the year-earlier period.

The normalized profit margin declined to 8.8% from 12.7% in the year-earlier period.

Total revenue decreased 27.1% on an annual basis to 440.8 million rupees from 604.7 million rupees, and total operating expenses decreased 10.1% from the prior-year period to 434.8 million rupees from 483.7 million rupees.

Reported net income declined 49.7% year over year to 55.8 million rupees, or 2.23 rupees per share, from 110.8 million rupees, or 4.43 rupees per share.

As of Feb. 12, US$1 was equivalent to 132.72 Sri Lankan rupees.