Dankotuwa Porcelain : Interim Financial Statements as at 31 December 2021

Unaudited Financial Statements

For the nine months ended 31 December 2021

The information contained in these statements have been extracted from the unaudited financial statements of the Company unless indicated as audited.

CORPORATE INFORMATION

Domicile & Legal Form Dankotuwa Porcelain PLC is a Public Quoted Company with limited liability incorporated under provisions of the Companies Act No. 17 of 1982 (Registered as a Private Limited Company in

Sri Lanka on 06 January 1984 and converted to a Public Company by a special resolution on 08 July 1994). Re-registered under the Companies Act No. 07 of 2007.

Quoted on the Colombo Stock Exchange on the 21 February 1995.

Principal Activity & Nature
of the Company	Manufacturing and Marketing of Porcelain Tableware Targeted to export and domestic markets
Company Reg. No.	PQ 79
Board of Directors	Mr. Y Kanagasabai	-	Chairman
	Mr. R T Devasurendra	-	Director
	Mr. R P Peris	-	Director
	Mr. N S Wijesekara	-	Director
	Mr. C S Karunasena	-	Director
	Dr. K S Narangoda	-	Director
Secretaries	NEXIA CORPORATE CONSULTANTS (PRIVATE) LIMITED
	181, Nawala Road, Narahenpita.
Registrars	S S P CORPORATE SERVICES (PRIVATE) LIMITED
	101, Inner Flower Road,	Colombo 3
Auditors	ERNST & YOUNG
	Chartered Accountants, No. 201, De Saram Place, Colombo 10.
Bankers	Bank of Ceylon
	Cargills Bank Sri Lanka
	Commercial Bank of Ceylon PLC
	Hattion National BanK PLC
	National Development Bank PLC
	Nations Trust Bank PLC
	Pan Asia Banking Corporation PLC
	People's Bank PLC
	Sampath Bank PLC
	Seylan Bank PLC
	Standared Chartered Bank
Factory & Office	Kurunegala Road
	Dankotuwa, Sri Lanka
	Telephone	- '[phone]
	Fax	- '[phone]
	Email	:[e-mail]
	Website	:www.dankotuwa.com
Registered Office	No. 10, 5th Floor, Gothami Road, Colombo 08,Sri Lanka .
	Telephone	- '[phone]
	Fax	- '[phone]
	Email	:[e-mail]
	Website	:www.dankotuwa.com

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CORPORATE INFORMATION

Subsidiaries	Royal Fernwood Porcelain Limited
	Lanka Decals (Private) Limited
	Fernwood Lanka (Private) Limited
Showrooms	Kirulapone
	194, High Level Road (Opposite Siebel Avenue)
	Colombo 6, Sri Lanka
	Tel: [phone]
	Cinnamon Garden
	47, Guildford Crescent
	Colombo 7, Sri Lanka
	Tel: [phone]
	Negombo
	No. 389 C, Main Street
	Negombo
	Tel: [phone]
	Shangri-La Shopping Mall
	1 Galle Face
	L3-51
	Colombo 03
	Tel: [phone]
EXPORT MARKETS	Australia, Bahrain, Belgium, Dubai, France, Greece, Hong Kong, India, Italy, Japan,
	Kenya, Maldives, Norway, Oman, Poland, Spain, Sweden, Switzerland, UK, USA,Ukrain,
	Uzbekistan and UAE

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DANKOTUWA PORCELAIN PLC

STATEMENT OF PROFIT OR LOSS

	GROUP		COMPANY
For the Period Ended 31st December,	2021	2020	% Change	2021	2020	% Change
	Un-Audited	Un-Audited		Un-Audited	Un-Audited
	LKR '000	LKR'000		LKR'000	LKR'000
Revenue	2,723,821	1,641,407	66%	1,811,481	1,020,346	78%
Cost of Sales	(1,801,050)	(1,208,865)	49%	(1,101,912)	(739,541)	49%
Gross Profit	922,771	432,542	113%	709,569	280,805	153%
Other Income	9,411	2,936	221%	8,501	4,625	84%
Selling and Distribution Expenses	(334,549)	(196,340)	70%	(254,480)	(138,374)	84%
Administrative Expenses	(319,935)	(185,969)	72%	(135,370)	(135,558)	0%
Finance Income	13,753	15,409	-11%	13,422	14,989	-10%
Finance Cost	(87,677)	(120,989)	-28%	(50,727)	(76,679)	-34%
Profit /(Loss) Before Tax	203,774	(52,412)	489%	290,915	(50,192)	680%
Income ( Tax Expense)/ Reversal	(39,018)	8,064	-584%	(51,007)	8,064	-733%
Profit/(Loss) for the period			472%			669%
164,756	(44,348)	239,908	(42,128)
Profit Attributable to:
Equity Holders of the Company	167,994	(44,252)	480%
Non - Controlling Interests	(3,238)	(96)	3273%
	164,756	(44,348)				-
Earnings/(Loss) per share
Basic	1.03	(0.27)	480%	1.48	(0.26)	669%

The Notes on pages 10 to 12 form an integral part of these Financial Statements.

Figures in bracket indicate deductions

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DANKOTUWA PORCELAIN PLC

STATEMENT OF PROFIT OR LOSS

	GROUP		COMPANY
For the Quarter Ended 31st December,	2021	2020	% Change	2021	2020	% Change
	Un-Audited	Un-Audited		Un-Audited	Un-Audited
	LKR'000	LKR'000		LKR'000	LKR'000
Revenue	1,100,550	717,789	53%	740,439	460,055	61%
Cost of Sales	(754,038)	(490,742)	54%	(466,882)	(305,122)	53%
Gross Profit	346,513	227,047	53%	273,557	154,933	77%
Other Income	313	(220)	242%	2,342	1,925	22%
Selling and Distribution Expenses	(113,755)	(83,761)	36%	(83,470)	(59,773)	40%
Administrative Expenses	(160,459)	(68,188)	135%	(47,848)	(49,096)	-3%
Finance Income	5,265	5,314	-1%	5,117	4,992	3%
Finance Cost	(30,979)	(40,878)	-24%	(16,336)	(23,231)	-30%
Profit /(Loss) Before Tax	46,897	39,314	19%	133,362	29,750	348%
Income ( Tax Expense)/ Reversal	(13,121)	(7,847)	67%	(23,619)	(7,847)	201%
Profit/(Loss) for the period			7%			401%
33,775	31,467	109,743	21,903
Profit Attributable to:
Equity Holders of the Company	37,050	31,055	19%
Non - Controlling Interests	(3,274)	412	-895%
	33,775	31,467				-
Earnings/(Loss) per share
Basic	0.23	0.19	19%	0.68	0.13	401%

The Notes on pages 10 to 12 form an integral part of these Financial Statements.

Figures in bracket indicate deductions

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