Hunter and Company PLC Announces Consolidated and Company Earnings Results for the First Quarter Ended June 30, 2018
August 15, 2018 at 07:11 am EDT
Share
Hunter and Company PLC announced consolidated and company earnings results for the first quarter ended June 30, 2018. For the quarter, on consolidated basis, the company reported revenue of LKR 664,394,760 against LKR 593,570,588 a year ago. Loss from operations was LKR 31,511,907 against LKR 36,568,420 a year ago. Loss before tax was LKR 43,993,425 against LKR 45,371,526 a year ago. Loss for the period was LKR 51,193,425 against LKR 52,671,526 a year ago. Loss attributable to Equity Holders of the Parent was LKR 41,738,314 against LKR 43,322,150 a year ago. Basic loss per share was LKR 8.11 against LKR 8.42 a year ago. Net cash from operating activities was LKR 79,106,560 against LKR 81,952,830 a year ago. Purchase of property, plant and equipment was LKR 1,311,458 against LKR 541,955 a year ago. Net assets per share was LKR 1,814.85 against LKR 1,822.96 a year ago.
For the quarter, on parent basis, the company reported revenue of LKR 222,064,264 against LKR 190,885,139 a year ago. Profit from operations was LKR 18,967,976 against LKR 22,264,880 a year ago. Profit before tax was LKR 21,648,910 against LKR 23,219,087 a year ago. Profit for the period was LKR 14,448,910 against LKR 16,319,087 a year ago. Basic earnings per share were LKR 2.81 against LKR 3.17 a year ago. Net cash used in operating activities was LKR 10,220,450 against LKR 10,747,448 a year ago. Purchase of property, plant and equipment was LKR 777,028 against LKR 163,155 a year ago. Net assets per share was LKR 789.14 against LKR 786.33 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.