Piramal Glass Ceylon: Domestic sales down 18%

Date: 7 February 2014
Source: www.lbt.lk

Date: 7 February 2014

Piramal Glass Ceylon PLC (PGC) has announced its 3rd Quarter results for the Financial Year 2013-14 with a dip in both the Turnover and the operating profitability for the Quarter as well as for the year.

The sales were at Rs. 3,864 million as against Rs. 4,156 million in the first nine months of the previous year and the PBT from operations was at Rs. 130 million as against Rs. 636 million, whilst the company reported an overall Profit before Tax of Rs. 783Mn which includes the profit from the sale of land.The YTD sale saw a drop of 7% which was contributed with a decline of 11% in the domestic market from Rs.3,107Mn in F 2013 to Rs.2,755Mn in F 2014 and growth of 5% in the export market from Rs.1,049Mn in the first nine months of F2013 to Rs.1,109Mn in the similar period of F 2014.The company achieved a sale of Rs. 1,389 million in Q3 F2014 as compared to Rs. 1,525 million in Q3 of F2013.The domestic sale fell by 18% from Rs. 1,107 million to Rs. 967 million. The main sectors affected in the domestic market were the Aerated Water and the Beer segments. The export sales remained on par with that of the previous year during the quarter at Rs.422Mn.

The operating Profits for the Quarter fell from 19% of Q3 in F2013 to 7% in Q3 of F2014.

Read more here.
600450 Piramal Glass Ceylon: Domestic sales down 18% glassonweb.com

See more news about:

Others also read

MORE...

The World Market for Nonwired Glass Sheets of Float Glass and Surface Ground or Polished Glass: A 2013 Global Trade Perspective
This report was created for strategic planners, international executives and import/export managers who are concerned with the market for nonwired glass sheets of float glass and surface ground or polished glass.
H.B. Fuller Company Agrees to Acquire Continental Products Limited
New Business to Support Company's Growing Presence in East and Central African Markets - H.B. Fuller Company (NYSE: FUL) announced today that it has signed an agreement to purchase Continental Products Limited, a provider of industrial adhesives in East and Central Africa.
New Advances in Researching and Manufacturing New Third Generation Photovoltaic Prototypes (OPV)
Coinciding with the fulfillment of the ARTESUN project´s first year (November), the third Project Meeting took place at Corning headquarters in Avon, France    Funded by the European Comission through its Seventh Framework Programme, ARTESUN Project aims to develop organic photovoltaic solar cells (OPV) through the implementation of three full-scale prototypes.
Opportunity in the Indian Glass Market
"Opportunity in the Indian Glass Market - 2014 : Market size, Market share, Market landscape, Market trend analysis, Growth drivers, Future opportunity, Future forecast" provides an insight into the Indian Glass current market scenario, structure and practices.
Dubai Investments expects to complete acquisition mid 2015
Dubai Investments (DI) CEO Khalid Bin Kalban has revealed that the Company seeks to examine several expansion opportunities in 2015.
Preiss-Daimler to Acquire Glass Textiles Business in Sweden from Johns Manville
Johns Manville (JM) and Preiss-Daimler (PD) announced today that a Preiss-Daimler group company will acquire Johns Manville’s Glass Textiles business in Sweden.

Add new comment