Union Chemicals Lanka plc Reports Unaudited Earnings Results for the First Quarter Ended March 25, 2017
April 27, 2017 at 07:16 pm EDT
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Union Chemicals Lanka Plc reported unaudited earnings results for the first quarter ended March 25, 2017. For the period, the company reported revenue was LKR 198,185,000 against LKR 228,006,000 a year ago. Results from operating Activities were LKR 24,987,000 against LKR 42,603,000 a year ago. Profit before tax was LKR 26,084,000 against LKR 42,174,000 a year ago. Profit for the period was LKR 18,544,000 or LKR 12.36 per basic share against LKR 32,394,000 or LKR 12.36 per basic share a year ago. Net cash flows from operating activities were LKR 3,331,000 against LKR 90,754,000 a year ago. Purchase & construction of property, plant and equipment was LKR 1,501,000 against LKR 14,504,000 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.
UNION CHEMICALS LANKA PLC 
