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Sri Lanka’s Bogala Graphite December net doubles to Rs24mn

ECONOMYNEXT – Sri Lanka’s Bogala Graphite said net profit for the December 2016 quarter rose 95 percent to Rs24.2 million from a year ago.

Sales of Bogala Graphite Lanka, controlled by Germany’s Graphit Kropfmuhl Gmbh, rose 12.3 percent to Rs174 million over the period, according to interim accounts filed with the stock exchange.

Earnings per share for the quarter were 26 cents. The share was last traded at Rs13.20.

EPS for the year ended 31 December 2016 were 78 cents, with net profit at Rs74 million and sales at Rs583 million, up 21 percent from the year before.
(COLOMBO, Feb 13, 2017)

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