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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Watawala Plantations’ profits up by 54%

Watawala Plantations’ profits up by 54%

2 posters

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Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Feb 01, 2013 (LBT) - Watawala Plantations PLC has recorded a Profit After Tax of Rs 286 million for the quarter ending December 31, 2012 and that is a 54% increase on trailing quarter.

Quarter to quarter revenue was up 29% to Rs 1.78 billion mainly due to production and productivity increase in Palm Oil, quality of crop for tea helped with tea prices remaining high.

The plantation’s Profit After Tax for the third quarter ending December 31, 2012 has increased 54% to Rs 286 million, compared to that of Rs 187 million for the previous quarter.

For the ninth month ending December 31, 2012, revenue was Rs 4.4 billion with a Profit After Tax of Rs 630 million.
http://lbt.lk/news/business/3588-watawala-plantations-profits-increases-by-54

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
This has a good chance to move significantly imo, as the b/o is possible around 13.50 if i remember correctly. Very Happy

Good interim div. in trying conditions....

lets watch closely this one and also Seylan Bank X shares Laughing

GL

TAH

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