Lanka IOC profits surgeJanuary 31, 2014 2:07 pm Print this article
Lanka IOC PLC had a Rs 2.83 billion net profit for the six months ended 30 September 2013, up from Rs 1.37 billion a year ago, interim financial results filed with the stock exchange showed.
Revenue for the six-month period increased to Rs 39.23 billion, up from
Rs 38.86 billion a year ago.Distribution costs fell to Rs 855.75 million, down from Rs 889.24 million a year ago.
Finance income grew to Rs 100.98 million, down from Rs 51.3 million and finance costs increased to Rs 309.49 million, up from Rs 155.84 million a year ago. Basic earnings-per-share amounted to Rs 5.32, up from Rs 2.58 a year ago
Tags: Sri Lanka Oil Companies, Bunkering Sri Lanka, Marine bunkering sri lanka, Engine oil Sri Lanka, Servo Sri Lanka, Bitumen Sri Lanka, Industrial Fuel sri Lanka, Oil lab services Sri Lanka, Fuel stations Sri Lanka, Lubricants sri lanka, Petroleum Market Sri Lanka