Union Chemicals Lanka Plc Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 25, 2012
August 01, 2012
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Union Chemicals Lanka Plc reported unaudited earnings results for the second quarter and six months ended June 25, 2012. For the quarter, the company reported profit before tax of LKR 14,847,000 and profit after taxation of LKR 13,367,000 or LKR 8.91 per share on revenue of LKR 142,201,000 against profit before tax of LKR 15,723,000 and profit after taxation of LKR 16,696,000 or LKR 11.13 per share on revenue of LKR 137,849,000 for the same period a year ago.
For the six months, the company reported profit before tax of LKR 39,428,000 and profit after taxation of LKR 27,832,000 or LKR 18.55 per share on revenue of LKR 342,200,000 against profit before tax of LKR 42,131,000 and profit after taxation of LKR 29,278,000 or LKR 19.52 per share on revenue of LKR 303,438,000 for the same period a year ago. Net cash inflows from operating activities were LKR 49,728,000 against LKR 34,868,000 for the same period a year ago. Purchase and construction of property, plant and equipment was LKR 74,943,000 against LKR 18,279,000 for the same period a year ago.
Union Chemicals Lanka PLC is a Sri Lanka-based chemicals manufacturing and trading 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.