Friday, 31 January 2014

Hunas falls profits down

Ceylon FT: Hunas Falls Hotels PLC reported a net profit of Rs 12.5 million for the nine-month period ending 31 December 2013, down 31% from a year ago, interim financial results showed.

Revenue increased 8% year-on-year to Rs 113.4 million.

Finance charges increased by 700% to Rs 16 million, administration expenses grew 15% to Rs 54.9 million and marketing expenses grew 24% to Rs 12.98 million.

Earnings per share fell to Rs 2.23 as at end December 2013, down from Rs 3.24 a year ago.

The shares hit a high of Rs 55 and a low of Rs 44.10 during the nine-month period.

The share currently trades at Rs 48.00. (JK)
www.ceylontoday.lk

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