Browns Capital PLC said its normalized net income for the fiscal first quarter ended June 30 came to 22.0 million rupees, compared with a loss of 3.4 million rupees in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to 1.3% from negative 0.2% in the year-earlier period.
Total revenue declined year over year to 1.61 billion rupees from 1.64 billion rupees, and total operating expenses fell 8.8% from the prior-year period to 1.53 billion rupees from 1.67 billion rupees.
Reported net income totaled 23.4 million rupees, or 2 cents per share, compared to a loss of 32.9 million rupees, or a loss of 3 cents per share, in the year-earlier period.
As of Aug. 14, US$1 was equivalent to 130.18 Sri Lankan rupees.
