Lion Brewery (Ceylon) PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 5.85 Sri Lankan rupees per share, a gain of 11.7% from 5.24 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 467.7 million rupees, an increase of 11.5% from 419.5 million rupees in the year-earlier period.
The normalized profit margin declined to 5.5% from 6.2% in the year-earlier period.
Total revenue grew 25.5% on an annual basis to 8.56 billion rupees from 6.82 billion rupees, and total operating expenses grew 24.5% year over year to 7.64 billion rupees from 6.13 billion rupees.
Reported net income grew 48.2% on an annual basis to 595.6 million rupees, or 7.45 rupees per share, from 401.8 million rupees, or 5.02 rupees per share.
As of Feb. 6, US$1 was equivalent to 132.96 Sri Lankan rupees.
