Sri Lankaâ€™s Talawakelle Tea June quarter profit flat
ECONOMYNEXT – Sri Lanka’s Talawakelle Tea Estates June 2018 quarter was virtually flat at 46 million rupees compared with a year ago, interim accounts showed.
Sales were also flat at 1.1 billion rupees, according to interim accounts filed with the Colombo stock exchange.
June quarter earnings per share were 1.95 rupees compared with 1.93 rupees a year ago. The stock was at 49.30 rupees Tuesday.
The accounts of the Hayleys group firm showed that earnings from tea fell slightly while rubber made a loss.
The firm’s mini hydro power business made a profit of eight million rupees compared with a loss a year ago.
(COLOMBO, 7 August, 2018)