Sri Lanka’s Laugfs Gas September net down 20-pct

COLOMBO, Nov 14, 2014 (EconomyNext) – Laugfs Gas, one of two liquid petroleum gas (LPG) suppliers in Sri Lanka, said September 2014 quarter net profit fell 20 percent to 494 million rupees from a year ago.

Earnings per share were 1.28 rupees for the quarter.

Sales fell three percent to 2.9 billion rupees with selling and administration expenses up sharply, according to unaudited resuls filed with the stock exchange.

EPS for the six months ending September 30, 2014 fell eight percent to 2.13 rupees with sales down two percent to 5.5.68 billion rupees.

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