Lanka Aluminium Industries PLC Reports Group and Company Earnings Results for Third Quarter and Nine Months Ended December 31, 2012; Declares a Dividend
January 28, 2013
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Lanka Aluminium Industries PLC reported group and company earnings results for third quarter and nine months ended December 31, 2012. For the quarter, on standalone basis, the company's revenue was LKR 189.72 million compared to LKR 205.61 million a year ago. Profit from operation was LKR 7.89 million compared to LKR 3.07 million a year ago. Loss before tax was LKR 5.66 million compared to LKR 3.26 million a year ago. Loss was LKR 5.66 million or LKR 0.41 per basic share compared to LKR 3.7 million or LKR 0.27 per basic share for the same period a year ago.
For the nine months, on standalone basis, the company's revenue was LKR 531.52 million compared to LKR 557.2 million a year ago. Profit from operation was LKR 45.35 million compared to LKR 15.87 million a year ago. Profit before tax was LKR 7.92 million compared to loss before tax of LKR 1.53 million a year ago. Profit was LKR 7.13 million or LKR 0.52 per basic share compared to loss LKR 2.72 million or LKR 0.20 per basic share for the same period a year ago. Net cash used in operating activities was LKR 60,960,000 against LKR 57,410,000 a year ago. Purchase of property, plant & equipment was LKR 23,758,000 against LKR 39,743,000 a year ago.
For the quarter, on group basis, the company's revenue was LKR 392.16 million compared to LKR 445.72 million a year ago. Profit from operation was LKR 2.19 million compared to LKR 12.22 million a year ago. Loss before tax was LKR 7.39 million compared to profit before tax of LKR 0.943 million a year ago. Loss attributable equity holders of the company was LKR 4.99 million or LKR 0.36 per basic share compared to profit attributable equity holders of the company of LKR 0.08 million or LKR 0.01 per basic share for the same period a year ago. Loss was LKR 8.42 million compared to profit of LKR 0.13 million a year ago.
For the nine months, on group basis, the company's revenue was LKR 1,424.9 million compared to LKR 1,357.21 million a year ago. Profit from operation was LKR 61.46 million compared to LKR 28.58 million a year ago. Profit before tax was LKR 3.66 million compared to loss before tax of LKR 0.774 million a year ago. Profit attributable equity holders of the company was LKR 1.91 million or LKR 0.14 per basic share compared to loss attributable equity holders of the company of LKR 3.13 million or LKR 0.23 per basic share for the same period a year ago. Loss was LKR 2.76 million compared to LKR 3.15 million a year ago. Net cash used in operating activities was LKR 12,476,000 against LKR 83,165,000 a year ago. Purchase of property, plant & equipment was LKR 24,138,000 against LKR 44,745,000 a year ago.
The company declared a dividend of LKR 0.50 per ordinary share amounting to LKR 6.85 million in September 2012 on the profits made during the year ended March 31, 2012.
Lanka Aluminium Industries PLC is a Sri Lanka-based company, which is engaged in the manufacture and sale of aluminum extrusions. The Company's business segments include Extrusions, Imported Extrusions, Investment Property and Fabrication & Builders Hardware. It offers a range of products, such as Swing Doors, Shop Front, Partition, Sliding Window, and Casement Window. It specializes in the manufacture of aluminum extrusions for architectural, hardware, transport and specialist applications. The Company's subsidiaries include Comark Lanka (Pvt) Ltd, Castalloys (Pvt) Ltd., and Comark Engineers (Pvt) Ltd. Comark Lanka (Pvt) Ltd is engaged in trading in aluminum extrusions and accessories. Castalloys (Pvt) Ltd. is focused on investment property. Comark Engineers (Pvt) Ltd. is engaged in manufacturing of builderâs hardware and undertaking contracts for aluminum fabrication.
Lanka Aluminium Industries PLC Reports Group and Company Earnings Results for Third Quarter and Nine Months Ended December 31, 2012; Declares a Dividend