Lanka Walltiles Plc reported a group net profit of Rs 588 million for the nine month period ended 31 December 2013, a 5.5 % year on year gain, interim financial results showed.
Group revenue of Rs 10,126 million, showed a 15% revenue increase as compared to the same period last year.
Tiles and Associated items made up 66 %,.. while plantation products made up 17.6% of the group's revenue.
The net profits included Rs 50 million from disposal of investment property.
The company has now disposed of Rs 80 million worth of investment properties which appeared on its Balance Sheet at 31 March 2013.
Ceylon Ceramics Plc is the major shareholder with a 62% shareholding. The ultimate parent of the company, is Valibel One Plc. (JK)
Group revenue of Rs 10,126 million, showed a 15% revenue increase as compared to the same period last year.
Tiles and Associated items made up 66 %,.. while plantation products made up 17.6% of the group's revenue.
The net profits included Rs 50 million from disposal of investment property.
The company has now disposed of Rs 80 million worth of investment properties which appeared on its Balance Sheet at 31 March 2013.
The group earned Rs 287 million from Finance Income, of which 159 million came in the current quarter. But the company experienced increases in Distribution, Administration and Finance costs.
The company has a stated capital of Rs 787 million, consisting of 54.6 million shares. Reserves amounted to Rs 1,903 million as at 31 December 2013.
The company has a stated capital of Rs 787 million, consisting of 54.6 million shares. Reserves amounted to Rs 1,903 million as at 31 December 2013.
The shares traded between a high of Rs 60 and a low of Rs 52.10 during the 3 months ended 31 December 2013.
Ceylon Ceramics Plc is the major shareholder with a 62% shareholding. The ultimate parent of the company, is Valibel One Plc. (JK)
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