Hunter & Company PLC Announces Consolidated and Company Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2019
May 31, 2019 at 11:09 am EDT
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Hunter & Company PLC announced consolidated and company earnings results for the fourth quarter and full year ended March 31, 2019. For the quarter, on consolidated basis, the company reported revenue of LKR 1,079,329,531 compared to LKR 1,050,355,995 a year ago. Profit from operation of LKR 76,101,556 compared to LKR 58,012,327 a year ago. Profit for the period was LKR 57,433,438 compared to LKR 42,921,215 a year ago. Basic earnings per share was LKR 9.05 compared to LKR 6.31 a year ago.
For the year, on consolidated basis, the company reported revenue of LKR 3,426,839,101 compared to LKR 3,344,233,826 a year ago. Profit from operation of LKR 86,551,535 compared to LKR 134,275,057 a year ago. Profit for the period was LKR 4,815,700 compared to LKR 81,960,120 a year ago. Basic earnings per share was LKR 2.25 compared to LKR 14.75 a year ago.
For the quarter, on company basis, the company reported revenue of LKR 236,224,880 compared to LKR 229,942,433 a year ago. Profit from operation of LKR 2,205,882 compared to loss of LKR 626,298 a year ago. Profit for the period was LKR 331,165 compared to loss of LKR 171,915 a year ago. Basic earnings per share was LKR 0.06 compared to deficit of LKR 0.03 a year ago.
For the year, on company basis, the company reported revenue of LKR 935,807,018 compared to LKR 868,602,607 a year ago. Profit from operation of LKR 60,364,213 compared to LKR 74,479,644 a year ago. Profit for the period was LKR 43,263,774 compared to LKR 70,954,436 a year ago. Basic earnings per share was LKR 8.41 compared to LKR 13.79 a year ago.
Hunter & Company PLC is a Sri Lanka-based company, which is an importer and distributor of home and garden products, industrial and light engineering products and bicycles in Sri Lanka. The Company specializes in home appliances, garden tools and industrial and light engineering products. Its home appliances products include filter hood, oven, iron boards, washing machine, brush, grater, knives, peeler, oven thermometer, sink strainer, timer, baking tin, whisk, cloth pegs, fans, and others. Its garden tools include sprayer, trowel, secateur, hedge shear, lopping shear, cultivator, weeder, fork, flower shear, transplanter, broom, rake, hose fittings, telescopic handle, hose, lawn edging and others. With a dealer network and 12 showrooms spread across the island, as well as a duty-free operation in the BIA airport, it ensures that its customers have easy access to its products. The Company also caters to the online market through its online sales channels.