Sun, 01 Aug 2021 Today's Paper

Tokyo Cement net down 14%; Norwegian central bank among shareholders

17 November 2015 02:55 am - 0     - {{hitsCtrl.values.hits}}

A A A

Sri Lanka’s largest cement manufacturer Tokyo Cement Company (Lanka) PLC saw its group net profit for the September quarter (2Q16) falling 14 percent year-on-year (YoY) to Rs.489.7 million amid slower top line growth.

The earnings per share (EPS) deteriorated to RS.1.47 from Rs.1.70 reported for the same period in the previous year.

The turnover for the quarter under review fell 4 percent YoY to Rs.7.96 billion with cost of sales falling at a slower pace of 3 percent YoY to Rs.6.26 billion.

The resulting gross profit stood at Rs.1.69 billion, down 7 percent YoY. For the six months ended September 30, 2015 (1H16) net profit fell 7 percent YoY to Rs.955.8 million. The EPS deteriorated to Rs.2.86 from Rs.3.06.

Tokyo Cement is the holding company under which five subsidiaries are operating.

Tokyo Cement said it is liable for the newly introduced Super Gains Tax (SGT) and Rs.105.7 million and Rs.26.6 million has been estimated as SGT for the group and the listed company, respectively.

Meanwhile, Norwegian central bank - Norges Bank - is featured as the eighth single largest shareholder (voting shares) of the company with over two million shares, representing 0.93 percent.

Norges Bank is the third largest non-voting shareholder of the company with over 10.5 million shares, representing 9.6 percent. 

Interestingly, the second largest shareholder of Tokyo Cement, Nippon Coke & Engineering of Japan had slashed its interest in the company by over 2 percent within 12 months.
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


Ugly sporting truths Sport scholarships thrive in culture of corruption

Sadly the cohort of perpetrators include egotistical leaders, coaches and eve

JR Jayewardene and the July 1983 Anti-Tamil Violence

July 24, 1983 was the day on which a destructive spree of anti-Tamil violence

“Medamulana Dynasty”: Four Sons and Three Grandsons of Don Alvin Rajapaksa

Basil Rohana Rajapaksa was sworn in as Finance minister in the Government of

Site survey near Akasa Chaitya: Is it the end of Yala?

The Yala National Park has been at the receiving end of human disturbances fr



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.