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Wkaduwa Beach Resort fiscal Q1 loss widens YOY

Waskaduwa Beach Resort PLC said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 2.3 million rupees, compared with a loss of 738,540 rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income came to a loss of 3.7 million rupees, or a loss of 2 cents per share, compared to a loss of 1.2 million rupees, or a loss of 1 cents per share, in the prior-year period.

As of Aug. 18, US$1 was equivalent to 130.16 Sri Lankan rupees.