Union Chemicals Lanka plc Reports Unaudited Financial Results for the Third Quarter and Nine Months Ended Sept. 25, 2012
September 24, 2012
Share
Union Chemicals Lanka Plc reported unaudited financial results for the third quarter and nine months ended Sept. 25, 2012. For the quarter, the company reported revenue of LKR 142,316,000 against LKR 174,007,000 for the same period of last year. Profit from operations before net financing cost was LKR 13,758,000 against LKR 22,117,000 for the same period of last year. Profit before tax was LKR 9,023,000 against LKR 20,321,000 for the same period of last year. Profit for the period after taxation was LKR 5,943,000 against LKR 12,265,000 for the same period of last year. Earnings per share was LKR 3.96 against LKR 8.18 for the same period of last year.
For the quarter, the company reported revenue of LKR 484,516,000 against LKR 477,445,000 for the same period of last year. Profit from operations before net financing cost was LKR 68,716,000 against LKR 66,078,000 for the same period of last year. Profit before tax was LKR 48,451,000 against LKR 62,452,000 for the same period of last year. Profit for the period after taxation was LKR 33,775,000 against LKR 41,543,000 for the same period of last year. Earnings per share was LKR 22.52 against LKR 27.70 for the same period of last year. Net cash flow from operating activities was LKR 70,057,000 against LKR 27,148,000 for the same period of last year. Purchase & construction of property, plant and equipment was LKR 75,596,000 against LKR 17,101,000 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.