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

» How about ASIY and RAL
by TuTanKaman Today at 6:48 pm

» MARKET CRASH - GUARANTEED
by ranferdi Today at 2:37 pm

» China's Xi offers fresh $295 million grant to Sri Lanka
by DS Wijesinghe Today at 12:52 pm

» Daily Foreign Transactions
by ruwan326 Today at 7:17 am

» EAST looks promising
by prabath Yesterday at 7:15 pm

» CTCE share holders get 1000 per share
by prabath Yesterday at 7:14 pm

» What companies to consider?
by mark Yesterday at 4:25 pm

» How to pick winning stocks by analysis not through predictions and gossip news-1
by ruwan326 Sat Jul 21, 2018 9:12 pm

» six-rules-to-follow-when-picking-stocks
by ruwan326 Sat Jul 21, 2018 8:59 pm

» BPPL going to be a gem
by ruwan326 Fri Jul 20, 2018 8:23 pm

» Sri Lankan shares close at 3-week high; Keells leads
by Miss-Sangeetha Fri Jul 20, 2018 7:40 pm

» expo.. @4.00
by Sameerad Fri Jul 20, 2018 12:26 pm

» ASI And The Future of Investors
by ruwan326 Fri Jul 20, 2018 9:45 am

» Keells Foods net profit grows 34-pct in June quarter, revenues up
by DS Wijesinghe Thu Jul 19, 2018 10:26 pm

» LAST CHANCE TO BUY ALHP BELOW 1.30
by ruwan326 Thu Jul 19, 2018 9:05 pm

» LDEV GEARING UP
by ruwan326 Thu Jul 19, 2018 8:56 pm

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