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Sri Lanka’s Bogawantalawa Tea June net profit up 56-pct

ECONOMYNEXT – ECONOMYNEXT – Sri Lanka’s Bogawantalawa Tea Estates reported that net profit rose 56 percent to 79 million rupees in the June 2017 quarter from a year ago, with exports fetching high prices during the period.

Sales of the firm, part of Metropolitan Resources Holdings, rose 17 percent to 1.2 billion rupees, according to interim accounts filed with the stock exchange. 

Earnings per share were 94 cents compared with 60 cents the previous year. The share last traded at 15.40 rupees on Monday.

June quarter profit came from tea, with its small rubber business showing losses.
(COLOMBO, August 14, 2017)

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