Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» PLAYERS PICK OF THE DAY
by sanjulanka Today at 7:10 am

» MARKET CRASH - GUARANTEED
by ruwan326 Yesterday at 9:05 pm

» Bathbala Balaya...
by DS Wijesinghe Yesterday at 7:26 pm

» Are you happy now? ඔබට සතුටුයිද දැන් ?
by DS Wijesinghe Yesterday at 6:54 pm

» Central Bank will intervene if rupee moves on speculation – official
by Miss-Sangeetha Yesterday at 4:09 pm

» MAHINDA RAJAPAKSHA 'S FUTURISTIC LEADERSHIP PAYS RICH DIVIDENDS
by DS Wijesinghe Yesterday at 8:08 am

» CSE WEEKLY
by ruwan326 Sat Sep 22, 2018 7:02 pm

» රජයට කෘත්‍රිමව රුපියල පාලනය කළ හැකිද?
by samaritan Sat Sep 22, 2018 2:50 pm

» DOLLAR MOVING UP UP
by samaritan Sat Sep 22, 2018 10:30 am

» Maharaja from Rajasthan
by ruwan326 Sat Sep 22, 2018 9:29 am

» Weekly Stock Market Roundup
by Insights Equity Fri Sep 21, 2018 10:40 pm

» MARKET CRASH - NOT GUARANTEED
by DS Wijesinghe Fri Sep 21, 2018 10:17 pm

» Summary of Key Announcements during the week 10 August 2018
by ruwan326 Fri Sep 21, 2018 7:32 pm

» Daily Foreign Transactions
by ruwan326 Fri Sep 21, 2018 7:30 pm

» Daily Stock Market Update
by Insights Equity Fri Sep 21, 2018 7:11 pm

» ඩොලරය රු. 170 යි
by samaritan Fri Sep 21, 2018 3:44 pm

» WHY SRI LANKAN CAN NOT DO THIS
by Chanuque Fri Sep 21, 2018 6:24 am

» Time has come to reverse 70 years history
by ruwan326 Thu Sep 20, 2018 7:22 pm

» Gold climbs as dollar weakens on U.S.-China trade dispute
by Miss-Sangeetha Thu Sep 20, 2018 3:39 pm

» BLI Shares
by EGG Thu Sep 20, 2018 2:03 pm

» Banking shares Value picks for long term
by jayathu Thu Sep 20, 2018 1:32 pm

» UAL - Going down now?
by ruwan326 Wed Sep 19, 2018 9:47 pm

» Quality Management Systems
by lenny123 Wed Sep 19, 2018 10:54 am

» ASI MAY GO DOWN TO 5950
by Ahcha Wed Sep 19, 2018 9:43 am

» Clarification on the Erroneous Report regarding Sri Lanka issued by Nomura Holdings Inc.
by ruwan326 Wed Sep 19, 2018 8:59 am

» Invest on valuable metal
by Supunnawarathna Tue Sep 18, 2018 7:54 pm

» Market going down today?
by ruwan326 Tue Sep 18, 2018 12:00 pm

» SFL COLLECTION GOING ON....??????????
by sanjulanka Tue Sep 18, 2018 9:11 am

» ANILANA MANDATORY OFFER
by ruwan326 Mon Sep 17, 2018 7:52 pm

» Treasury to take over key role of Central Bank
by ruwan326 Mon Sep 17, 2018 6:45 am

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Distilleries profits up 134-pct in 4Q17-18 after adjustments

Distilleries profits up 134-pct in 4Q17-18 after adjustments

Go down  Message [Page 1 of 1]

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Watch out DIST. next week..........


May 04, 2018 (LBO) – Sri Lankan business magnate Harry Jayawardena in his statement to the shareholders of Distilleries said net profit after tax for the forth quarter of 2017/18 is an increase of 134 percent.
Jayawardena said NPAT for the last quarter was 1,902 million rupees compared to the 811.9 million rupees reported in the same period of previous year, showing an year-on-year increase of 134 percent.
“The increase in profit for the quarter is a reflection of adjustments that have been made in November 2017 to recover the all increases in taxes imposed in November 2016,” Jayawardena said.
“Until then the company has been partiality absorbing to somewhat deflect the sharp increase in price that would have otherwise been passed on to the consumer.”
The net profit after tax for the year 2017/18 stood at 4,484 million rupees compared to 4,975 million rupees in the previous year.
This decline of 9.9 percent was as result of lower profitability during the period March 2017 to November 2017, Jayawardena said.
Jayawardena, however, added that based on the performance in the forth quarter of 2018, the company will record impressive results in the ensuing financial year.

gdid


Equity Analytic
Equity Analytic
Also they have revised dividend policy too

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum