Sri Lanka’s Tokyo Cement March quarter net profit down 27-pct

ECONOMYNEXT – Net profit at Sri Lanka’s Tokyo Cement Plc fell 27 percent to 182 million rupees in the March 2019 quarter from a year ago and the group ended the year in the red, interim accounts showed.

The group, which operates grinding plants and bulk cement terminals, reported earnings per share of 45 cents for the quarter. The share last traded at 21.20 rupees.

March quarter sales rose 23 percent to 11 billion rupees in the quarter.

Tokyo Cement made a loss per share of 1.20 rupees in the financial year to March 2019 with a net loss of 480 million rupees, against a profit of 2.3 billion rupees in the previous year.
(COLOMBO 31 May 2019)

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