Union Chemicals Lanka plc Reports Unaudited Financial Results for the Third Quarter and Nine Months Ended September 25, 2013
November 19, 2013
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Union Chemicals Lanka Plc reported unaudited financial results for the third quarter and nine months ended September 25, 2013. For the quarter, the company reported revenue of LKR 143,314,000 against LKR 142,316,000 for the same period of last year. Profit from operations before net financing cost was LKR 19,052,000 against LKR 13,874,000 for the same period of last year. Profit before tax was LKR 16,617,000 against LKR 9,319,000 for the same period of last year. Profit for the period after taxation was LKR 12,179,000 against LKR 6,239,000 for the same period of last year. Earnings per share was LKR 8.12 against LKR 4.16 for the same period of last year.
For the nine months, the company reported revenue of LKR 442,827,000 against LKR 484,516,000 for the same period of last year. Profit from operations before net financing cost was LKR 44,056,000 against LKR 66,933,000 for the same period of last year. Profit before tax was LKR 32,451,000 against LKR 46,668,000 for the same period of last year. Profit for the period after taxation was LKR 24,196,000 against LKR 31,992,000 for the same period of last year. Earnings per share was LKR 16.13 against LKR 21.33 for the same period of last year. Net cash flow from operating activities was LKR 57,368,000 against LKR 70,057,000 for the same period of last year. Purchase & construction of property, plant and equipment was LKR 5,583,000 against LKR 75,596,000 for the same period of last year.
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.