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 loses right to hold Asian Youth Games 2017
-- [6 hours ago]
Committee to probe corruption at Sri Lanka port ministry
-- [7 hours ago]
Sri Lankan government allocates over Rs. 400 million to set up IT labs in schools
-- [7 hours ago]
Sri Lankan President orders to ban import of glyphosate with immediate effect
-- [9 hours ago]
Senior officers of Sri Lanka police transferred over violence in Jaffna
Sri Lankan government cautions people over disinformation campaigns
Pakistan, Sri Lanka friendship has centuries old civilizational roots: Envoy
Sri Lanka's Hayleys records 32% increase in profits after tax for 2014/15
Sri Lanka takes measures to get the EU ban on fishery products lifted
Lawyers in Northern Sri Lanka on strike to protest attack on Jaffna court complex

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.