Sri Lanka’s Laugfs Gas March quarter loss falls to Rs390mn

ECONOMYNEXT – Sri Lanka’s Laugfs Gas Plc has managed to narrow losses in the March 2018 quarter although the full year loss more than doubled.

The March 2018 quarter loss fell 48% to 390 million rupees from a year ago with sales up 19% to 5.4 billion rupees, interim accounts filed with the stock exchange showed.

The quarterly loss per share was 1.01 rupees. Laugfs Gas shares were trading at 24.50 rupees Thursday.

In the year to 31 March 2018, Laugfs Gas Pls said the loss per share more than doubled to 3.44 rupees with the total loss at 1.3 billion rupees. Annual group sales rose 31% to 21.4 billion rupees.
(COLOMBO, May 31, 2018)

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