Tue, 18 May 2021 Today's Paper

Tea sector helps Horana Plantations to return to profit

27 October 2017 09:51 am - 0     - {{hitsCtrl.values.hits}}

A A A

Sri Lanka’s Horana Plantations PLC, a unit of businessman Dhammika Perera’s Vallibel group, recorded a net profit of Rs.7 million for the September quarter (2Q18) against a net loss of Rs.84 million recorded for the same period last year.


The performance was helped by the company’s tea sector, which saw a turnaround due to higher tea prices at tea auctions. The earnings per share for the period was 28 cents against a loss per share of Rs.3.37.


The revenue for the quarter rose to Rs.537.2 million from Rs.417.4 million a year ago.

For the six months ended September 30, 2017, the company reported a net profit of Rs.21.2 million, recovering from a net loss of Rs.149.2 million. The tea sector for the six months recorded gross profit of Rs.131.9 million against a gross loss of Rs. 43.5 million a year ago, on a revenue of Rs.987 million. 
The rubber sector narrowed its losses to Rs.20.5 million from Rs.38.2 million on an improved revenue of Rs.154.3 million.


Vallibel Plantation Management Limited owns 51 percent of the company while Dr T Senthilverl, Naratha Ventures and AEC remain key minority shareholders. 


Perera acquired the control of Horana Plantation in 2012 for nearly Rs.2.9 billion from CT Holdings PLC.

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Litro Gas causes stir in market with Hybrid Cylinder

Startling revelations have surfaced as to how the Ministry of Consumer Affair

Covid: Know your home care facts

Most people with COVID-19 develop a mild or uncomplicated illness that can be

Tamil Film Hero Kamal Haasan Turning Into a Political Zero

Srinivasan Kamal Haasan known popularly as Kamal Haasan and Kamal is arguably

WhatsApp and Viber data can be retrieved – DIG Waruna Jayasundara

The Special Task Force (STF) is the commando unit of the Police and plays a v

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.