trending Market Intelligence /marketintelligence/en/news-insights/trending/U4HRsaDC7CRkwKe_sGf4xA2 content esgSubNav
In This List

Watawala Plantations fiscal Q2 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


Watawala Plantations fiscal Q2 profit falls YOY

Watawala Plantations PLC said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 12 Sri Lankan cents per share, a decline of 62.2% from 31 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 28.1 million rupees, a decrease of 61.5% from 73.1 million rupees in the year-earlier period.

The normalized profit margin declined to 1.6% from 5.3% in the year-earlier period.

Total revenue grew 30.9% year over year to 1.80 billion rupees from 1.37 billion rupees, and total operating expenses rose 40.5% on an annual basis to 1.74 billion rupees from 1.24 billion rupees.

Reported net income fell 64.2% on an annual basis to 31.2 million rupees, or 13 cents per share, from 87.2 million rupees, or 37 cents per share.

As of Oct. 27, US$1 was equivalent to 130.85 Sri Lankan rupees.