Sierra Cables PLC Reports Unaudited Group and Company Financial Results for the Fourth Quarter and Full Year Ended March 31, 2019
May 29, 2019 at 07:14 am EDT
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Sierra Cables PLC reported unaudited group and company financial results for the fourth quarter and full year ended March 31, 2019. For the year, on group basis, the company reported revenue of LKR 4,746,313,652 against LKR 4,069,119,607 for the same period of last year. Profit from operations was LKR 266,108,032 against LKR 169,031,973 for the same period of last year. Profit for the year was LKR 32,638,942 against loss of LKR 38,725,906 for the same period of last year. Basic earnings per share was LKR 0.06 against loss of LKR 0.05 for the same period of last year.
For the quarter, on group basis, the company reported revenue of LKR 1,507,324,056 against LKR 1,350,551,408 for the same period of last year. Profit from operations was LKR 139,273,178 against LKR 141,634,636 for the same period of last year. Profit for the year was LKR 158,235,156 against LKR 73,943,575 for the same period of last year. Basic earnings per share was LKR 0.29 against LKR 0.14 for the same period of last year.
For the year, on company basis, the company reported revenue of LKR 4,116,589,871 against LKR 3,839,979,820 for the same period of last year. Profit from operations was LKR 223,856,116 against LKR 118,640,857 for the same period of last year. Profit for the year was LKR 5,370,621 against loss of LKR 71,235,689 for the same period of last year. Basic earnings per share was LKR 0.01 against loss of LKR 0.13 for the same period of last year.
For the quarter, on company basis, the company reported revenue of LKR 1,186,710,634 against LKR 1,163,061,735 for the same period of last year. Profit from operations was LKR 73,199,455 against LKR 62,692,137 for the same period of last year. Profit for the year was LKR 84,120,970 against loss of LKR 316,657 for the same period of last year. Basic earnings per share was LKR 0.16 against LKR 0.00 for the same period of last year.
Sierra Cables PLC is a Sri Lanka-based company. The Company is engaged in manufacturing, marketing and distribution of copper and aluminum cable products for the energy, industrial, specialty and communications sectors. Its product portfolio includes Armoured Cables, Unarmoured Cables, Single & Multi Core, Aluminium PVC, XLPE cables, Alu. Conductors, ABC Cables, Telephone Cables, LSHF (Low Smoke Halogen Free) Cables, Auto Cables, Flexible & Flexi. Screen, Earth Cables, Control Cables, Coaxial Cables, Fire Cables LSHF, and others. Its serve customer in Project market, which caters to apartment, hotels, commercial, buildings, housing, projects, and mega infrastructure development project; Dealer market, which caters to local distribution channels, agents, distribution, and dealers; Institutional category, which caters to projects acquired through bidding for government tenders for national electrification projects, telecommunication providers and other government institutions.