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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Colombo Engineering's first Q revenue tops US$ 400, 000

Colombo Engineering's first Q revenue tops US$ 400, 000

3 posters

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Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Jul 06, 2012 (LBT) - The Colombo Engineering Company has earned a revenue of US$ 400,000 for the first three months of operations during the current financial year. The Chairman of Colombo Engineering Kiran Atapattu, said that the revenue was achieved through ship repairs, adding that the ship building industry had tremendous potential to expand. He said that with the Ruhunu Magampura Harbour opening, more opportunities had emerged and they too were geared to undertake any type of repairs in the Hambantota Harbour.

The company had also undertaken a job on a German owned, 'Courier' and had completed the job in a record 96 hours. “This job was for container stacking vertical cell guides. We replaced 600 metres of steel and the revenue incurred from this operation alone was US$ 160,000,” he said.
http://www.lbt.lk/corporate/results/2225-top-up

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

I like the enthusiam but Rs 53million revenue can be improved by much right? ( ie $400000=Rs 53 million) But for their and countries sake hope it improves further. ALso it brings $$ revenue.


Malika1990 wrote:Jul 06, 2012 (LBT) - The Colombo Engineering Company has earned a revenue of US$ 400,000 for the first three months of operations during the current financial year. The Chairman of Colombo Engineering Kiran Atapattu, said that the revenue was achieved through ship repairs, adding that the ship building industry had tremendous potential to expand. He said that with the Ruhunu Magampura Harbour opening, more opportunities had emerged and they too were geared to undertake any type of repairs in the Hambantota Harbour.

The company had also undertaken a job on a German owned, 'Courier' and had completed the job in a record 96 hours. “This job was for container stacking vertical cell guides. We replaced 600 metres of steel and the revenue incurred from this operation alone was US$ 160,000,” he said.
http://www.lbt.lk/corporate/results/2225-top-up

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

How is their ealier records ? If there is a reasonable growth in revenue we can be happy with the hope of continuation of this growth. Wink

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