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Sri Lanka’s Tokyo Cement in Rs285mn March quarter loss

ECONOMYNEXT – Sri Lanka’s Tokyo Cement Company (Lanka) PLC has reported a Rs285 million loss in the March 2018 quarter compared with a profit of Rs911 million a year ago.

Group sales fell two percent to Rs8.8 billion over the period, according to interim accounts filed with the stock exchange.

The loss per share for the quarter was 71 cents compared to earnings of Rs2.27 the previous year. The stock was trading at Rs44, down Rs4.90 (10.02%) Friday morning.

In the year to 31 March 2018, Tokyo Cement made a net profit of Rs2.27 billion although sales were down one percent to Rs36 billion.
(COLOMBO, June 01, 2018)

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