Sri Lanka Tokyo Cement December quarter net up by 43pct


Updated Mon, 20 Feb 2012 00:00:00 GMT

Sri Lanka's Tokyo Cement (Lanka) Plc said net profits for the December 2011 quarter rose 43% to SLR 275 million from a year earlier with revenues up 39% to SLR 5.7 billion.

The group reported earnings of SLR 2.79 per share for the quarter. In the nine months to December the group reported earnings of SLR 2.79 rupees per share on profits of 848 million rupees, up 17% interim accounts filed with the Colombo Stock Exchange showed.

The company’s revenues grew 38% to SLR 5.7 billion cost of sales rose at a faster 44% but the firm grew gross profits at a slower 17% Finance cost fell 19% to SLR 115 million rupees but income tax rose 36% to SLR 253 million rupees.