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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Lanka IOC in Rs. 1.6b loss

Lanka IOC in Rs. 1.6b loss

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1Lanka IOC in Rs. 1.6b loss Empty Lanka IOC in Rs. 1.6b loss Wed May 20, 2015 9:28 am

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Lanka IOC, a unit of Indian Oil Company reported 1.06 billion rupees loss in March 2015 against 722 million rupees profit reported last year, interim accounts showed.
In the year to March profits were down to 1.8 billion rupees from 4.8 billion rupees a year earlier.
The firm reported negative earnings of 2.00 rupees per share in the quarter ended March while in the year to March 2014, earnings were 3.54 rupees per share on total profits.
Total comprehensive income was 1.06 billion rupees in the quarter ended March 2015 compare to 722 million rupees in the same period last year.
LIOC posted revenues of 15.82 billion rupees, down 25.4 percent from a year earlier and cost of sales were reported as 16.19 billion rupees and the firm reported a gross profit of 365 million rupees down 75 percent from 1.49 billion rupees. 

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