Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Lanka Indian Oil Corporation 3Q profit increases sharply
Tue, Nov 13, 2012, 10:57 pm SL Time, ColomboPage News Desk, Sri Lanka.

Nov 13, Colombo: Lanka Indian Oil Corporation has informed in a stock exchange filing that their third quarter profit this year grew 327 percent from the previous year.

The LIOC says that the devaluation of the rupee and the foreign exchange netted contributed to earn such profit.

During the last two quarters from April to September, the income had risen by 58 percent to 20.2 billion rupees earning a gross profit of 1.58 billion rupees as of September 30, the company reported in its financial statement.

Rs.2.22 profit per share has been recorded in the third quarter and for the 06 months period ending in September, the company earned a profit of Rs 2.58 per share.

Lanka IOC, a subsidiary of the Indian Oil Corporation started commercial operations in Sri Lanka in 2003 and it is listed in the Colombo Stock Exchange.



ColomboPage - Recent 10 Stories
Sri Lanka police detain 37 asylum seekers returned by Australia
-- [55 minutes ago]
Sri Lanka opposition presidential candidate vows to protect President and security forces from war crime charges
-- [1 hour and 35 minutes ago]
Leftist party of Sri Lanka ruling coalition to meet tomorrow to reconsider party support at presidential polls
-- [2 hours ago]
Two Sri Lankan government ministers likely to cross over to the opposition next week
-- [3 hours ago]
British High Commission celebrates UK-Sri Lanka ties with cricket teams
-- [3 hours ago]
Sri Lanka inflation drops to 1.5 percent in November 2014, food prices increase
-- [3 hours ago]
Sri Lanka minister's son and six others granted bail
-- [9 hours ago]
Sri Lanka's ruling party national list MP resigns from parliament
Sri Lanka Defense Secretary calls on nations to share intelligence to combat transnational crime
Fitch assigns Sri Lanka's Singer's notes 'A-(lka)' final rating

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.