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Lanka IOC back in profits after raising fuel prices EmptyToday at 6:10 pm by ruwan326

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Lanka IOC back in profits after raising fuel prices EmptyToday at 3:40 pm by ruwan326

» My Port Folio Bleeding But Its just the Begining Of..
Lanka IOC back in profits after raising fuel prices EmptyYesterday at 7:40 pm by serene

» Thread for News on CSE and SL Economy
Lanka IOC back in profits after raising fuel prices EmptyYesterday at 1:49 pm by ruwan326

» සදහම් අටුවාව
Lanka IOC back in profits after raising fuel prices EmptyYesterday at 6:52 am by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
Lanka IOC back in profits after raising fuel prices EmptyFri May 17, 2019 9:54 pm by dhanurrox

» Re: Financial reports Q1-2019
Lanka IOC back in profits after raising fuel prices EmptyFri May 17, 2019 7:53 pm by dhanurrox

» Sri Lanka mulls 25-pct ownership limit in finance companies
Lanka IOC back in profits after raising fuel prices EmptyFri May 17, 2019 3:40 pm by Backstage

» Searing Heat in China Is Causing Havoc for Rubber Makers
Lanka IOC back in profits after raising fuel prices EmptyFri May 17, 2019 2:43 pm by Backstage

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Lanka IOC back in profits after raising fuel prices EmptyThu May 16, 2019 8:00 pm by hammurabi

» Dividend Announcement
Lanka IOC back in profits after raising fuel prices EmptyWed May 15, 2019 6:42 pm by Rana

» Israeli spyware breached WhatsApp security
Lanka IOC back in profits after raising fuel prices EmptyWed May 15, 2019 7:47 am by කිත්සිරි ද සිල්වා

» Is Burka prohibted ?
Lanka IOC back in profits after raising fuel prices EmptyWed May 15, 2019 7:30 am by කිත්සිරි ද සිල්වා

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Lanka IOC back in profits after raising fuel prices EmptyTue May 14, 2019 11:49 am by CK

» Fed Rate hike , Rs Devaluation PART 2 : Should CSE be like this? Whose FAULT is it?
Lanka IOC back in profits after raising fuel prices EmptyFri May 10, 2019 7:15 pm by Backstage

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Lanka IOC back in profits after raising fuel prices EmptyThu May 09, 2019 7:54 pm by ruwan326

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Lanka IOC back in profits after raising fuel prices EmptyThu May 09, 2019 5:53 pm by Ethical Trader

» Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009
Lanka IOC back in profits after raising fuel prices EmptyWed May 08, 2019 5:43 pm by serene

» Telenor and Dialog Axiata's parent in talks to merge Asian businesses
Lanka IOC back in profits after raising fuel prices EmptyMon May 06, 2019 1:50 pm by Backstage

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» In the Meantime, Within Our Shores !
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» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
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» Thread for News on Local and Foreign Politics
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Lanka IOC back in profits after raising fuel prices EmptyFri Apr 26, 2019 7:55 am by කිත්සිරි ද සිල්වා

» SERV - The Kingsbury
Lanka IOC back in profits after raising fuel prices EmptyThu Apr 25, 2019 9:26 am by ruwan326

» Lessons from movies
Lanka IOC back in profits after raising fuel prices EmptyTue Apr 23, 2019 8:26 am by කිත්සිරි ද සිල්වා

» DFCC.N0000 ( DFCC BANK PLC )
Lanka IOC back in profits after raising fuel prices EmptyMon Apr 22, 2019 12:38 pm by ruwan326

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Lanka IOC back in profits after raising fuel prices EmptySun Apr 21, 2019 8:13 pm by Rana

» Little Known Facts !
Lanka IOC back in profits after raising fuel prices EmptySun Apr 21, 2019 9:27 am by කිත්සිරි ද සිල්වා

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Lanka IOC back in profits after raising fuel prices EmptySat Apr 20, 2019 10:07 am by ruwan326

» HASU.N0000 (HNB ASSURANCE PLC)
Lanka IOC back in profits after raising fuel prices EmptyThu Apr 18, 2019 6:05 pm by Ethical Trader

» EAST WEST PROPERTIES PLC (EAST.N0000)
Lanka IOC back in profits after raising fuel prices EmptyThu Apr 18, 2019 6:02 pm by Ethical Trader

» අසිරිමත් සුබ නව වසරකට ආසිරි !
Lanka IOC back in profits after raising fuel prices EmptyWed Apr 17, 2019 6:33 pm by hammurabi

» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
Lanka IOC back in profits after raising fuel prices EmptyFri Apr 12, 2019 8:55 am by yellow knife

» East West properties
Lanka IOC back in profits after raising fuel prices EmptyFri Apr 12, 2019 5:27 am by dhanurrox

» HHL.N0000 ( Hemas Holdings PLC)
Lanka IOC back in profits after raising fuel prices EmptyTue Apr 09, 2019 8:04 pm by NIRMALSG

» කිරි පිටි ගැන ඔබ මෙතෙක් නොදත් දේ
Lanka IOC back in profits after raising fuel prices EmptyMon Apr 08, 2019 5:31 am by Ethical Trader

» CONN.N0000
Lanka IOC back in profits after raising fuel prices EmptySun Apr 07, 2019 3:15 pm by NIRMALSG

» LION.N0000 (Lion Brewery Ceylon PLC)
Lanka IOC back in profits after raising fuel prices EmptySun Apr 07, 2019 8:52 am by ruwan326

»  5000 Post Milestone - Congratulations
Lanka IOC back in profits after raising fuel prices EmptyFri Apr 05, 2019 9:07 pm by Ethical Trader

» NTB.N0000 (NATIONS TRUST BANK PLC)
Lanka IOC back in profits after raising fuel prices EmptyFri Apr 05, 2019 1:37 pm by Ethical Trader

» Micro Finance
Lanka IOC back in profits after raising fuel prices EmptyFri Apr 05, 2019 12:14 pm by yellow knife

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Lanka IOC back in profits after raising fuel prices EmptyFri Apr 05, 2019 7:40 am by serene

» PLC.N0000 ( People's Leasing and Fiance PLC)
Lanka IOC back in profits after raising fuel prices EmptyWed Apr 03, 2019 6:04 pm by NIRMALSG

» VPEL.N0000 (VALLIBEL POWER ERATHNA PLC )
Lanka IOC back in profits after raising fuel prices EmptyWed Apr 03, 2019 3:40 pm by catseye

» SAMP.N0000 (SAMPATH BANK PLC)
Lanka IOC back in profits after raising fuel prices EmptyTue Apr 02, 2019 12:38 pm by malanp

» Sinhala Cinema
Lanka IOC back in profits after raising fuel prices EmptyTue Apr 02, 2019 12:31 pm by yellow knife

» SEYB.N0000 ( SEYLAN BANK PLC )
Lanka IOC back in profits after raising fuel prices EmptyTue Apr 02, 2019 11:23 am by Backstage

» LIOC.N0000 (Lanka IOC PLC)
Lanka IOC back in profits after raising fuel prices EmptyTue Apr 02, 2019 11:15 am by LSE

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Lanka IOC back in profits after raising fuel prices EmptyTue Apr 02, 2019 11:11 am by Backstage

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Lanka IOC back in profits after raising fuel prices

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Lanka IOC back in profits after raising fuel prices Empty Lanka IOC back in profits after raising fuel prices

Post by The Invisible on Mon Oct 29, 2018 9:45 pm

ECONOMYNEXT- Sri Lanka unit of India Oil Company, Lanka IOC Plc, returned to the black with a net profit of 207.3 million rupees in the September 2018 quarter, up from a loss of 176.9 million rupees a year earlier, after it was allowed to raise fuel prices, amidst sharp cost cuts, interim accounts showed.

It reported earnings of 39 cents for the quarter in the quarter. Earnings for the first six months to end September were 85 cents a share on a profit of 453.2 million rupees, up from a loss of 312.1 million rupees a year earlier.

Lanka IOC fell 20 cents to 27.10 rupees on Monday.

Revenue for the September quarter grew 2.1 percent from a year earlier to 25.6 billion rupees, cost of sales fell 1 percent to 24 billion rupees leading to gross profits doubling to 1.5 billion rupees.

In May, the government put in place a formula that would change local fuel prices based on global oil price movements every month.

Selling and distribution expense fell 22.8 percent to 580.2 million rupees from a year earlier, while administrative expenses were down 29.3 percent to 364.2 million rupees.

Finance costs increased over tenfold to 546.2 million rupees from 48 million rupees a year earlier.

Lanka IOC's assets grew to 40.3 billion rupees from 33 billion rupees at the start of the financial year with increased inventories.

Borrowings, all short-term, increased to 7.1 billion rupees in September from 5 billion rupees in March. (COLOMBO, 29 October 2018)
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Lanka IOC back in profits after raising fuel prices Empty Re: Lanka IOC back in profits after raising fuel prices

Post by dhanurrox on Mon Oct 29, 2018 10:40 pm

funny thing is the share price is stuck

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Lanka IOC back in profits after raising fuel prices Empty Re: Lanka IOC back in profits after raising fuel prices

Post by serene on Tue Oct 30, 2018 7:57 am

May be it should change its name as Lanka COC(China).
May be possible reduction of oil price in the form of carrot Ala deter the IOC price movement.

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