By J. Kurukulasuriya
Ceylon FT: Laugfs Gas PLC reported an 82% jump in consolidated after tax profits to Rs 1,269 million for the nine months ended 31December 2013, as compared to the corresponding previous period, although selling and distribution expenses, and administration costs increased by 46% and 19% respectively.
The group incurred operating losses in the leisure and hospitality, property development and energy segments of its operations.
In the last three months of this period, profits were Rs 379 million, a 54% improvement.
Revenue had increased by 11% to Rs 8,792 million in the nine-month period, during which the company made reduced foreign exchange gains of Rs 22 million as compared to Rs 57 million previously. 92% of the group's revenue came from "trading of liquefied petroleum" while eight per cent was from "other services".
The percentage of ordinary voting and non-voting shares held by the public as at 31 December 2013 were 13.11% and 65.3% respectively.
The company has a stated capital of Rs 3,285 million, represented by 335 million ordinary shares and 52 million non-voting shares.
Apart from Laugfs holdings Ltd., with 68% of the ordinary shares, the Employees' Provident Fund is the largest shareholder with 35% of the non-voting shares and 17% of the ordinary shares. N. Radella and R. Radella together hold approximately 4% of the ordinary shares.
During the last quarter reported, the ordinary shares traded at a high of Rs 30.60 and a low of Rs 26.10, while the non-voting shares traded between Rs 19.80 and 22.10.
www.ceylontoday.lk
Ceylon FT: Laugfs Gas PLC reported an 82% jump in consolidated after tax profits to Rs 1,269 million for the nine months ended 31December 2013, as compared to the corresponding previous period, although selling and distribution expenses, and administration costs increased by 46% and 19% respectively.
The group incurred operating losses in the leisure and hospitality, property development and energy segments of its operations.
In the last three months of this period, profits were Rs 379 million, a 54% improvement.
Revenue had increased by 11% to Rs 8,792 million in the nine-month period, during which the company made reduced foreign exchange gains of Rs 22 million as compared to Rs 57 million previously. 92% of the group's revenue came from "trading of liquefied petroleum" while eight per cent was from "other services".
The percentage of ordinary voting and non-voting shares held by the public as at 31 December 2013 were 13.11% and 65.3% respectively.
The company has a stated capital of Rs 3,285 million, represented by 335 million ordinary shares and 52 million non-voting shares.
Apart from Laugfs holdings Ltd., with 68% of the ordinary shares, the Employees' Provident Fund is the largest shareholder with 35% of the non-voting shares and 17% of the ordinary shares. N. Radella and R. Radella together hold approximately 4% of the ordinary shares.
During the last quarter reported, the ordinary shares traded at a high of Rs 30.60 and a low of Rs 26.10, while the non-voting shares traded between Rs 19.80 and 22.10.
www.ceylontoday.lk
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