Union Chemicals Lanka PLC reported earnings results for the fourth quarter and full year ended December 25, 2023. For the fourth quarter, the company reported sales was LKR 395.53 million compared to LKR 440.87 million a year ago. Net income was LKR 60.08 million compared to LKR 64.02 million a year ago. Basic earnings per share from continuing operations was LKR 40.05 compared to LKR 42.68 a year ago.
For the full year, sales was LKR 1,612.88 million compared to LKR 1,677.74 million a year ago. Net income was LKR 236.71 million compared to LKR 161.74 million a year ago. Basic earnings per share from continuing operations was LKR 157.81 compared to LKR 107.83 a year ago.
Union Chemicals Lanka PLC is a Sri Lanka-based company. The Company is engaged in manufacturing and trading of waterborne polymer, adessive, coating and industrial chemicals. It also manufactures and markets a range of polyvinyl and acrylic emulsions for the paint and textile industries in Sri Lanka, and for industrial and domestic use as adhesives, as well as it indents, imports, and markets a range of products, such as specialties solvents, polyolefins, coating resins, surfactants, and personal care products. Its products include binders for emulsion paints, paint additives, alkyd resins, solvents and surfactants, pigments, silicone products and wood coatings. Its adhesive products include R160M, SL5112A, R160S, SL160L, A2017L, A2017R and A4020D, and others. Its other products include monoethanolamine and ethylenediaminetetraacetic acid. It supplies chemical products to paints, inks, packaging, detergents, and pharmaceutical industries.
