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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sri Lanka IOC unit in profits soar in March 2016

Sri Lanka IOC unit in profits soar in March 2016

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Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Sri Lanka IOC unit in profits soar in March

ECONOMYNEXT - Profits at a Sri Lanka unit of Indian Oil Corporation, which is involved in fuel, lubricants and bitumen distribution, soared to Rs1.59 billion in the March 2016 quarter from a loss of Rs1.178 billion a year earlier.

The firm reported earnings of Rs2.92 for the quarter. In the year to March, the firm reported earnings of Rs4.21, on total profits of Rs2.2 billion.

Revenues rose to Rs16.4 billion in the March quarter from Rs15.8 billion and the cost of sales fell from Rs16.1 billion to Rs15.6 billion, with gross profits soaring to Rs2.7 billion from a loss of Rs394 million.

Net finance income also turned positive this quarter, from negative last year.

sameboy

sameboy
Manager - Equity Analytics
Manager - Equity Analytics

Gainer man LIOC ganna inne. 37 ta godak sell kala neda? next time 36.5 awoth ganna hodai neda price 1?

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

LIOC big qty possible to crossing this week between 38.00 to 40.00 then it will shoot up

sameboy

sameboy
Manager - Equity Analytics
Manager - Equity Analytics

Thanks gainer next date 1 trade wena widiha balala buy karanawa.37n aduwata ganna puluwan nam kohamath hoda price 1k kiyala hithenawa mata.

Teller

Teller
Moderator
Moderator

This is one of dangerous shares in CSE , many more retailers loose their capital by investinng with LIOC.

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