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
India's External Affairs Minister holds discussions to resolve India-Sri Lanka Fishermen Issues
-- [18 minutes ago]
Shippers' Council's contribution to Sri Lanka import export sectors recognized at 50th anniversary celebrations
-- [31 minutes ago]
CID questions former IGP over popular editor Lasantha Wickremetunga's murder
-- [1 hour and 16 minutes ago]
Gampaha Magistrate also restricts joint opposition Pada Yathra
-- [1 hour and 37 minutes ago]
While some walk for power, government committed to build the country - Sri Lankan President
-- [2 hours ago]
Modernization of Sri Lanka Customs is a timely requirement, Finance Minister says
-- [3 hours ago]
Pakistan committed to promote human capital and entrepreneurship development in Sri Lanka - envoy
-- [4 hours ago]
Sri Lanka's Colombo inflation declines to 5.5 percent in July 2016
-- [4 hours ago]
Pakistan national carrier signs contract with SriLankan for lease of three A-330s
-- [5 hours ago]
Court orders joint opposition to limit march to one lane in Kegalle city

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.