Union Chemicals Lanka plc Reports Unaudited Earnings Results for Fourth Quarter and Year Ended December 25, 2016
February 16, 2017 at 01:21 pm EST
Share
Union Chemicals Lanka Plc reported unaudited earnings results for fourth quarter and year ended December 25, 2016. For the quarter, the company’s revenue was LKR 197,074,000 against LKR 202,858,000 a year ago. Results from operating activities were LKR 38,091,000 against LKR 31,692,000 a year ago. Profit before tax was LKR 36,559,000 against LKR 31,002,000 a year ago. Profit for the period was LKR 21,070,000 or LKR 14.05 per share against LKR 22,322,000 or LKR 14.88 per share a year ago.
For the year, the company’s revenue was LKR 761,241,000 against LKR 773,939,000 a year ago. Results from operating activities were LKR 133,678,000 against LKR 133,090,000 a year ago. Profit before tax was LKR 131,314,000 against LKR 130,072,000 a year ago. Profit for the period was LKR 96,101,000 or LKR 64.07 per share against LKR 91,294,000 or LKR 60.86 per share a year ago. Net cash flows from operating activities were LKR 133,164,000 against LKR 70,029,000 a year ago. Purchase & construction of property, plant and equipment was LKR 51,916,000 against LKR 19,992,000 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.