Sri Lanka’s Alumex December net up 5-pct to Rs191mn

ECONOMYNEXT – Sri Lanka’s Alumex Plc, an aluminium extrusions firm, said December 2016 net profit rose 5 percent to Rs191 million from a year ago.

Sales of the Hayleys group unit rose 20 percen to Rs1.3 billion, according to interim accounts filed with the stock exchange.

Alumex reported quarterly earnings per share of 64 cents. EPS for the nine months to 31 December 2016 were Rs1.64, with net profit up 30 percent to Rs491 million and sales up 15 percent to Rs3.2 billion.

The firm, whose stock was last traded at Rs20.80, is estimated to have a dominant market share exceeding 40 percent, down from over 50 percent claimed at the time of its public offer.
(COLOMBO, Feb 02 2017)

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