Union Chemicals Lanka PLC Reports Earnings Results for the Third Quarter and Nine Months Ended September 25, 2022
October 25, 2022
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Union Chemicals Lanka PLC reported earnings results for the third quarter and nine months ended September 25, 2022. For the third quarter, the company reported sales was LKR 411.07 million compared to LKR 408.47 million a year ago. Net income was LKR 138.91 million compared to LKR 29.8 million a year ago. Basic earnings per share from continuing operations was LKR 92.61 compared to LKR 19.87 a year ago.
For the nine months, sales was LKR 1,236.87 million compared to LKR 1,065.6 million a year ago. Net income was LKR 94.09 million compared to LKR 73.31 million a year ago. Basic earnings per share from continuing operations was LKR 62.73 compared to LKR 48.87 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.
UNION CHEMICALS LANKA PLC 
