trending Market Intelligence /marketintelligence/en/news-insights/trending/vcAFWwInDO7jo5ALbs-img2 content esgSubNav
In This List

Marawila Resorts fiscal Q1 loss narrows YOY

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


Marawila Resorts fiscal Q1 loss narrows YOY

Marawila Resorts PLC said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 9 Sri Lankan cents per share, compared with a loss of 15 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 11.1 million rupees, compared with a loss of 18.3 million rupees in the year-earlier period.

The normalized profit margin increased to negative 15.2% from negative 28.7% in the year-earlier period.

Total revenue climbed 14.9% year over year to 73.0 million rupees from 63.5 million rupees, and total operating expenses decreased from the prior-year period to 79.0 million rupees from 82.1 million rupees.

Reported net income totaled a loss of 17.7 million rupees, or a loss of 14 cents per share, compared to a loss of 29.2 million rupees, or a loss of 24 cents per share, in the prior-year period.

As of Aug. 13, US$1 was equivalent to 133.88 Sri Lankan rupees.