Lanka Walltile records Profit After Tax of Rs. 145 million
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Lanka Walltile at the 21st Chinese International Ceramic Industrial
Exhibition: Peng-Sales Director/Dayu Glaze, Lucky de Chickera-Managing
Director/Lanka Walltile, Rachael Deng-Marketing Assistant/Dayu Glaze
and Dhanapala Weerasooriya-Deputy General Manager (Technical)/Lanka
Walltile.
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EXCEPTIONAL PERFORMANCES: Lanka Walltile continues on its exceptional
and increased performances in recent years as was evidenced from its
released provisional (before audit) financial statement for the year
2006/07.
The Company showed a 16% increase in its turnover when compared to
the previous year by achieving a sale of Rs. 911 million against Rs. 786
million.
The profit after tax also registered a 16% growth at Rs. 145 million
this year (subject to Audit) against Rs. 125 million in 2005/2006.
Earnings per share also increased from Rs. 3.84 to Rs. 4.47.
Whilst LWL showed extremely healthy growth in very difficult local
market situations and competitive export markets, during the year under
review, the Group consisting of Lanka Walltile Meepe (Pvt) Limited, its
fully owned subsidiary, Lanka Tiles the Floor Tile manufacturer, Unidil
Packaging, the carton manufacturing Company and Ceetee Plantations the
Management Company of Horana Plantations, collectively, also performed
well.
Group turnover registered Rs. 5.7 billion as against Rs. 4.9 billion
the previous year, an 18% growth with profit after tax and after
minority interest registering Rs. 335 million as against Rs. 282 million
the previous year, which is a 19%, increase.
All these figures are subject to Audit. The Group earnings per share
increased from Rs. 8.68 to Rs. 10.32.
LWL personnel also visited the 21st Chinese International Ceramic
Industry Exhibition in Guangzhou province, Southern China recently. |
