COLOMBO: Profits at Sri Lanka’s Amaya Leisure Plc, a unit Sri Lanka’s Hayleys group, fell 87 percent to 9.9 million rupees in the September 2017 quarter from a year earlier amid fall in revenues and higher administrative expense charge, interim accounts showed. The group reported earnings of 19 cents per share for the quarter in accounts filed with the Colombo Stock Exchange. In the nine months to September, the group reported earnings of 94 cents per share on total profits of 48.9 million rupees down from 125 million rupees.
In the September quarter revenues fell 9 percent to 707.2 million rupees, but costs rose 3.5 percent to 348 million shrinking gross profits 18.9 percent to 358 million rupees. Administration expenses charged to accounts rose 9.8 percent to 274 million rupees. Income tax expenses fell to 6.7 million rupees from 11.3 million rupees.
