EXPOLANKA & LIOC
![Don't Catch Falling Knives!!! Ffsukn10](https://i.servimg.com/u/f86/15/18/77/48/ffsukn10.jpg)
LANKA IOC
Price of Petrol 92 will be reduced by Rs 40 per liter & Price of Auto Diesel by Rs 15 per liter from 9pm today. The new price of Petrol 92 will be Rs 370 per liter & Auto Diesel Rs 415 per liter. Prices on other petroleum products will remain the same.
https://twitter.com/kanchana_wij/status/1581921452475183104?s=20&t=N-VdGvwQcIhynCA4pWTXpg
Lanka IOC will also reduce its petrol and diesel prices in line with the price reduction of Ceypetco - LIOC- http://adaderana.lk
EXPOLANKA
How falling shipping rates have taken the market by surprise
Rates for shipping containers from Asia to the US are falling towards pre-pandemic levels and may still have further to drop, while long shipping delays are increasingly disappearing from the market, according to analysts.
https://www.cips.org/supply-management/news/2022/october/how-falling-shipping-rates-have-taken-the-market-by-surprise/
Margins become thinner when turnover come down.
Eg:
100bn X 10% = 10bn
10bn X 10% = 1bn
Turnover
![:arrow_down: ⬇](https://cdn.jsdelivr.net/emojione/assets/png/2b07.png?v=2.2.7)
Profits
![:arrow_down: ⬇](https://cdn.jsdelivr.net/emojione/assets/png/2b07.png?v=2.2.7)
EPS
![:arrow_down: ⬇](https://cdn.jsdelivr.net/emojione/assets/png/2b07.png?v=2.2.7)
Share Price
![:arrow_down: ⬇](https://cdn.jsdelivr.net/emojione/assets/png/2b07.png?v=2.2.7)