Chevron Sri Lanka unit September net down 34-pct

ECONOMYNEXT – Chevron Lubricants Lanka’s net profit in the September 2017 quarter fell 34% to Rs657 million from a year ago.

Sales fell 12% to Rs.2.8 billion during the quarter while earnings per share (EPS) were Rs2.74, according to interim results filed with the Colombo stock exchange.

Chevron Lubricants Lanka’s share last traded at Rs112.70. EPS for the nine months to 30 September 2017 were Rs8.35 with sales down 10 percent to Rs8.2 billion from the year before.

The company announced a third interim dividend of Rs2.50.
(COLOMBO, October 19, 2017)

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