Sri Lanka Dipped Products makes Rs79mn loss in December quarter
ECONOMYNEXT – Sri Lankan rubber gloves manufacturer Dipped Products slipped into the December 2015 quarter, reporting a loss of 79 million rupees compared with profits of 326 million rupees a year ago.
Sales fell 19 percent to five billion rupees over the period, according to interim results filed with the stock exchange.
The firm made a loss per share of 1.32 rupees in the quarter against earnings of 5.45 rupees the year before.
In the nine months to December 2015, Dipped Products EPS fell to 1.26 rupees with net profit down 91 percent to 75 million rupees and sales down by a quarter to just under 16 billion rupees.