manusath-derana

LIOC profits show downward trend

May, 23, 2014

The latest financial report of Lanka India Oil Company (LIOC) reveals its profits falling during the March quarter of 2014.

When compared to the March quarter of 2013 the company’s profits have fallen by 10 percent to a profit of Rupees 722 million.

While the company has reported a Rs. 1.36 per share earnings during this quarter, the per share earnings in the financial year ending in March is Rs. 9.04.

LIOC has gained a profit of Rs. 4.8 billion in the financial year ending in March while during last year it had recorded a profit of Rs. 2.9 billion.

It has recorded a revenue of Rs. 21.2 billion during the March quarter of 2014 and a revenue of Rs. 81.7 million during the financial year ending March.