Dankotuwa Porcelain : Interim Financial Statements as at 30 September 2022

Unaudited Financial Statements

For the Six Months ended 30 September 2022

The information contained in these statements have been extracted from the unaudited financial statements of the Company unless indicated as audited.

CORPORATE INFORMATION

Domicile & Legal Form Dankotuwa Porcelain PLC is a Public Quoted Company with limited liability, incorporated under provisions of the Companies Act No. 17 of 1982 (Registered as a Private Limited Company in

Sri Lanka on 06 January 1984 and converted to a Public Company by a special resolution on 08 July 1994). Re-registered under the Companies Act No. 07 of 2007.

Quoted on the Colombo Stock Exchange on the 21 February 1995.

Principal Activity & Nature	Manufacturing and Marketing of Porcelain Tableware Targeted to export and domestic markets
of the Company
Company Reg. No.	PQ 79
Board of Directors	Mr. Y Kanagasabai	-	Chairman
	Mr. R P Pathirana	-	Deputy Chairman
	Mr. R T Devasurendra	-	Director
	Mr. R P Peris	-	Director
	Mr. N S Wijesekara	-	Director
	Mr. C S Karunasena	-	Director
	Dr. K S Narangoda	-	Director
Secretaries	NEXIA CORPORATE CONSULTANTS (PRIVATE) LIMITED
	181, Nawala Road, Narahenpita.
Registrars	S S P CORPORATE SERVICES (PRIVATE) LIMITED
	101, Inner Flower Road,	Colombo 3
Auditors	ERNST & YOUNG
	Chartered Accountants, No. 201, De Saram Place, Colombo 10.
Bankers	Bank of Ceylon
	Cargills Bank Sri Lanka
	Commercial Bank of Ceylon PLC
	Hattion National BanK PLC
	National Development Bank PLC
	Nations Trust Bank PLC
	Pan Asia Banking Corporation PLC
	People's Bank PLC
	Sampath Bank PLC
	Seylan Bank PLC
	Standared Chartered Bank
Factory & Office	Kurunegala Road
	Dankotuwa, Sri Lanka
	Telephone	- '[phone]
	Fax	- '[phone]
	Email	:[e-mail]
	Website	:www.dankotuwa.com
Registered Office	No. 10, 5th Floor, Gothami Road, Colombo 08,Sri Lanka .
	Telephone	- '[phone]
	Fax	- '[phone]
	Email	:[e-mail]
	Website	:www.dankotuwa.com

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CORPORATE INFORMATION

Subsidiaries	Royal Fernwood Porcelain Limited
	Lanka Decals (Private) Limited
	Fernwood Lanka (Private) Limited
	Dankotuwa Singapore Pte Ltd
Showrooms	Kirulapone
	194, High Level Road (Opposite Siebel Avenue)
	Colombo 6, Sri Lanka
	Tel: [phone]
	Cinnamon Garden
	47, Guildford Crescent
	Colombo 7, Sri Lanka
	Tel: [phone]
	Negombo
	No. 389 C, Main Street
	Negombo
	Tel: [phone]
	Shangri-La Shopping Mall
	1 Galle Face
	L3-51
	Colombo 03
	Tel: [phone]
	Factory Showroom
	Kurunegala Road
	Dankotuwa, Sri Lanka
	Tel: [phone]
EXPORT MARKETS	Australia, Greece, Germany, India, Italy, Japan, Kenya, Kuwait, Maldives,
	Moldova, Norway, Oman, Singapore, South Africa, Spain, Sweden, UK, USA,
	Uzbekistan and UAE

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DANKOTUWA PORCELAIN PLC

STATEMENT OF PROFIT OR LOSS

	GROUP		COMPANY
For the Period Ended 30th September,	2022	2021	% Change	2022	2021	% Change
	Un-Audited	Un-Audited		Un-Audited	Un-Audited
	LKR '000	LKR'000		LKR'000	LKR'000
Revenue	2,840,935	1,623,271	75%	1,642,825	1,071,042	53%
Cost of Sales	(1,627,258)	(1,047,012)	55%	(821,375)	(635,030)	29%
Gross Profit	1,213,677	576,259	111%	821,450	436,012	88%
Other Income	11,253	9,099	24%	8,460	6,159	37%
Selling and Distribution Expenses	(315,453)	(220,794)	43%	(234,934)	(171,010)	37%
Administrative Expenses	(140,541)	(159,476)	-12%	(90,981)	(87,522)	4%
Finance Income	9,290	8,488	9%	8,976	8,305	8%
Finance Cost	(143,120)	(56,698)	152%	(54,948)	(34,391)	60%
Profit /(Loss) Before Tax	635,107	156,878	305%	458,023	157,554	191%
Income /Differed Tax ( Expense)/ Reversal	(111,681)	(25,897)	331%	(78,844)	(27,389)	188%
Profit/(Loss) for the period			300%			191%
523,426	130,981	379,179	130,165
Profit Attributable to:
Equity Holders of the Company	517,208	130,945	295%
Non - Controlling Interests	6,217	36	17169%
	523,425	130,981				-
Earnings/(Loss) per share
Basic	3.18	0.81	295%	2.33	0.80	191%

The Notes on pages 10 to 12 form an integral part of these Financial Statements.

Figures in bracket indicate deductions

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DANKOTUWA PORCELAIN PLC

STATEMENT OF PROFIT OR LOSS

	GROUP		COMPANY
For the Quarter Ended 30th September,	2022	2021	% Change	2022	2021	% Change
	Un-Audited	Un-Audited		Un-Audited	Un-Audited
	LKR'000	LKR'000		LKR'000	LKR'000
Revenue	1,416,015	835,597	69%	854,390	566,627	51%
Cost of Sales	(813,241)	(534,839)	52%	(407,036)	(332,074)	23%
Gross Profit	602,775	300,758	100%	447,354	234,553	91%
Other Income	5,554	4,925	13%	2,639	3,078	-14%
Selling and Distribution Expenses	(152,760)	(107,924)	42%	(116,402)	(87,624)	33%
Administrative Expenses	(104,570)	(77,301)	35%	(55,976)	(35,892)	56%
Finance Income	3,205	4,485	-29%	3,089	4,369	-29%
Finance Cost	(86,871)	(28,327)	207%	(30,202)	(16,747)	80%
Profit /(Loss) Before Tax	267,333	96,616	177%	250,503	101,737	146%
Income /Differed Tax ( Expense)/ Reversal	(42,522)	(16,185)	163%	(39,017)	(17,634)	121%
Profit/(Loss) for the period			180%			151%
224,812	80,430	211,487	84,103
Profit Attributable to:
Equity Holders of the Company	224,236	80,588	178%
Non - Controlling Interests	574	(157)	466%
	224,811	80,430				-
Earnings/(Loss) per share
Basic	1.38	0.50	178%	1.30	0.52	151%

The Notes on pages 10 to 12 form an integral part of these Financial Statements.

Figures in bracket indicate deductions

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