Sri Lanka's Piramal Glass net up 7.8-pct

Jan 31, 2012 (LBO) - Sri Lanka listed Piramal Glass, a unit of India's Piramal group said profits in the December 2011 quarter rose 7.8 percent to 204 million rupees from a year earlier, with revenues growing 17 percent to 1.34 billion rupees.

The firm reported earnings of 22 cents for the quarter in interim accounts filed with the Colombo Stock Exchange.

In the nine months to December it reported earnings of 62 cents per share on profits of 588 million rupees, up 47 percent from a year earlier.

The stock closed at 7.40 rupees Monday.

The firm produces glass container for domestic and export markets.

As revenues grew 17.9 percent, the firm said cost of sales grew at a faster 21.6 percent to 981 million, allowing gross profit to grow at a slower 9.5 percent to 393 million rupees.

Administration expenses rose to 120 million rupees from 64 million a year earlier, but interest cost fell to 56 million rupees from 74 million.

600450 Sri Lanka's Piramal Glass net up 7.8-pct
Date: 2 February 2012

See more news about:

See more from these topics:

Others also read

Now is the time for revolutionary glass for evolving workspaces, with Saint-Gobain Inspire’s Planilaque Evolution.
FRG finds application as doors and windows, partitions, roofs, smoke screens, etc.
The Rail Nirman Nilayam at Hyderabad, constructed by the South Central Railways, is the first project of the Indian Railways that has been registered for GRIHA compliance.
Self-adhesive switchable smart film from Intelligent Glass has been retrofitted to glass partition meetings rooms in India.
Welcome to one of the greenest corporate campuses in the world. Welcome to Suzlon One Earth, Pune, a LEED Platinum and GRIHA 5 Star certified building.
Ecosense Excel is a specialized green building glass with advanced solar control and low-E properties.

Add new comment