Citrus Leisure PLC said its normalized net income for the fiscal second quarter ended Sept. 30 was a loss of 77 Sri Lankan cents per share, compared with a loss of 5 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 a loss of 74.2 million rupees, compared with a loss of 5.3 million rupees in the prior-year period.
The normalized profit margin dropped to negative 9.0% from negative 8.4% in the year-earlier period.
Total revenue climbed 84.5% year over year to 117.8 million rupees from 63.9 million rupees, and total operating expenses grew on an annual basis to 173.3 million rupees from 68.2 million rupees.
Reported net income came to a loss of 120.6 million rupees, or a loss of 1.25 rupees per share, compared to a loss of 17.5 million rupees, or a loss of 18 cents per share, in the prior-year period.
As of Nov. 17, US$1 was equivalent to 131 Sri Lankan rupees.
