Kingsbury PLC said its normalized net income for the fiscal second quarter ended Sept. 30 came to 23 Sri Lankan cents per share, an increase from 8 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 56.4 million rupees, an increase from 16.7 million rupees in the prior-year period.
The normalized profit margin climbed to 9.2% from 3.0% in the year-earlier period.
Total revenue rose 9.8% on an annual basis to 613.7 million rupees from 559.1 million rupees, and total operating expenses grew 8.0% year over year to 494.4 million rupees from 457.6 million rupees.
Reported net income rose from the prior-year period to 89.4 million rupees, or 37 cents per share, from 26.7 million rupees, or 12 cents per share.
As of Nov. 14, US$1 was equivalent to 131 Sri Lankan rupees.
