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
PM instructs to expedite paddy purchasing process as a bumper crop is expected
-- [43 minutes ago]
Sri Lanka main Tamil party lays claim to opposition leader post in parliament
-- [2 hours ago]
Sri Lanka President to totally ban the production and importation of asbestos in 2018
-- [2 hours ago]
Shareholders approve Sri Lanka's DFCC Vardhana and DFCC banks merger
-- [9 hours ago]
Meaningful reconciliation in Sri Lanka for durable peace and prosperity will take time - Foreign Minister
Time has come to focus on economic development, Sri Lanka tells international community
Final Randoli Perahera of Sri Dalada Maligawa tonight
Indian Tamil parties condemn U.S. support to Sri Lanka's domestic probe
U.S. grants Sri Lanka $ 3.2 million to develop schools in the East
Nigeria invites Sri Lankan investors, wants to boost bilateral trade

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.