Sri Lanka’s Tokyo Cement net up 25 per cent in June

Sri Lanka’s Tokyo Cement net up 25 per cent in June
Published: 02 September 2008

Sri Lanka’s Tokyo Cement group posted 25 per cent higher net profits for the June 2008 quarter, compared to the same 2007 period, un-audited results showed.
 
Tokyo Cement Company Lanka profits increased to 212.4 million rupees (US$1.97 million) from 170.3 million a year back.
 
Revenue for the June quarter increased 30 per cent to 3,909 million rupees.
 
Group finance cost was up 62 per cent 151.5 million rupees.
 
At company level, profits were up three per cent to 77 million while revenue increased 29 per cent to 1,392 million rupees during the period under review.
 
The total assets stood at 12,062 million rupees.
 
Tokyo Cement Company’s earnings per share had increased to 7.87 rupees in June 2008, from 6.31 rupees one year ago.
 
The company has a cement grinding mill and bagging plant in the eastern port of Trincomalee in a joint venture with Japan’s Mitsui.