The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Dividend Announcement
Lanka IOC back in profits after raising fuel prices EmptyYesterday at 1:47 pm by Rana

» 8000 Post Club | Celebration of a Great Milestone කිත්සිරි ද සිල්වා
Lanka IOC back in profits after raising fuel prices EmptyYesterday at 9:04 am by කිත්සිරි ද සිල්වා

» JKH - 155/00 Breakout is pending
Lanka IOC back in profits after raising fuel prices EmptyWed Aug 21, 2019 10:19 am by nisashi

» Tokyo as at 21.08.2019 Morning
Lanka IOC back in profits after raising fuel prices EmptyWed Aug 21, 2019 10:07 am by nisashi

» Thread for News on CSE and SL Economy
Lanka IOC back in profits after raising fuel prices EmptyWed Aug 21, 2019 5:55 am by The Invisible

» අනං මනං! #/+?.<>
Lanka IOC back in profits after raising fuel prices EmptyTue Aug 20, 2019 8:18 pm by ruwan326

» Browns Investments update
Lanka IOC back in profits after raising fuel prices EmptyTue Aug 20, 2019 1:46 pm by The Invisible

» What Would You Do?
Lanka IOC back in profits after raising fuel prices EmptyMon Aug 19, 2019 1:02 pm by කිත්සිරි ද සිල්වා

» Back of the Legends
Lanka IOC back in profits after raising fuel prices EmptyMon Aug 19, 2019 10:13 am by Topcat

» Thread for News on Local and Foreign Politics
Lanka IOC back in profits after raising fuel prices EmptyMon Aug 19, 2019 6:32 am by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
Lanka IOC back in profits after raising fuel prices EmptySun Aug 18, 2019 10:33 pm by lanka

» Melstacorp (MELS)
Lanka IOC back in profits after raising fuel prices EmptySun Aug 18, 2019 8:33 pm by The Invisible

» Cargills (CARG)
Lanka IOC back in profits after raising fuel prices EmptySun Aug 18, 2019 8:26 pm by The Invisible

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Lanka IOC back in profits after raising fuel prices EmptySun Aug 18, 2019 8:18 pm by The Invisible

» SHL.N0000 (Softlogic Holdings PLC)
Lanka IOC back in profits after raising fuel prices EmptySun Aug 18, 2019 8:14 pm by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
Lanka IOC back in profits after raising fuel prices EmptySat Aug 17, 2019 12:44 pm by nuwanmja

» Hayleys MGT
Lanka IOC back in profits after raising fuel prices EmptyFri Aug 16, 2019 8:55 pm by ruwan326

» CFVF - First Capital
Lanka IOC back in profits after raising fuel prices EmptyFri Aug 16, 2019 9:58 am by CK

» JINS.N0000 ( Janashakthi Insurance PLC)
Lanka IOC back in profits after raising fuel prices EmptyWed Aug 14, 2019 4:57 pm by The Invisible

» Ceylinco Insurance CINS
Lanka IOC back in profits after raising fuel prices EmptyWed Aug 14, 2019 9:18 am by The Invisible

» HNB.N0000 ( Hatton National Bank PLC)
Lanka IOC back in profits after raising fuel prices EmptyWed Aug 14, 2019 9:15 am by The Invisible

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Lanka IOC back in profits after raising fuel prices EmptyWed Aug 14, 2019 9:11 am by The Invisible

» Tourism Sector
Lanka IOC back in profits after raising fuel prices EmptyWed Aug 14, 2019 4:55 am by NIRMALSG

» LIOC.N0000 (Lanka IOC PLC)
Lanka IOC back in profits after raising fuel prices EmptyMon Aug 12, 2019 2:55 pm by xmart

» HAYL.N0000 Hayleys PLC
Lanka IOC back in profits after raising fuel prices EmptyMon Aug 12, 2019 1:43 pm by CK

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Lanka IOC back in profits after raising fuel prices EmptyMon Aug 12, 2019 1:33 pm by The Invisible

» Grain Elevators
Lanka IOC back in profits after raising fuel prices EmptyMon Aug 12, 2019 1:31 pm by The Invisible

» Sri Lanka sets US$3.5bn tea export target for 2030
Lanka IOC back in profits after raising fuel prices EmptyMon Aug 12, 2019 1:27 pm by The Invisible

» Tea: July 2019 national average shows gains month on month
Lanka IOC back in profits after raising fuel prices EmptySun Aug 11, 2019 9:19 pm by Topcat

» OSEA .N
Lanka IOC back in profits after raising fuel prices EmptySat Aug 10, 2019 6:40 pm by The Invisible

» Sri Lanka mulls reforms to punish 'errant' plantation companies
Lanka IOC back in profits after raising fuel prices EmptySat Aug 10, 2019 6:33 pm by The Invisible

» JKH.N0000
Lanka IOC back in profits after raising fuel prices EmptySat Aug 10, 2019 11:38 am by The Invisible

» HHL.N0000 ( Hemas Holdings PLC)
Lanka IOC back in profits after raising fuel prices EmptySat Aug 10, 2019 10:42 am by The Invisible

» Nestle NEST
Lanka IOC back in profits after raising fuel prices EmptySat Aug 10, 2019 10:28 am by The Invisible

» Ceylon Tobacco CTC
Lanka IOC back in profits after raising fuel prices EmptySat Aug 10, 2019 10:26 am by The Invisible

» Volkswagen කතාවේ ඇත්ත තත්ත්වය මෙහෙමයි.
Lanka IOC back in profits after raising fuel prices EmptyFri Aug 09, 2019 5:37 pm by කිත්සිරි ද සිල්වා

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Lanka IOC back in profits after raising fuel prices EmptyFri Aug 09, 2019 5:07 pm by Ethical Trader

» VFIN - where the journey leads it?
Lanka IOC back in profits after raising fuel prices EmptyFri Aug 09, 2019 9:21 am by ruwan326

» UAL.N0000 ( UNION ASSURANCE PLC )
Lanka IOC back in profits after raising fuel prices EmptyFri Aug 09, 2019 9:20 am by ruwan326

» SPEN.N0000
Lanka IOC back in profits after raising fuel prices EmptyThu Aug 08, 2019 10:20 pm by The Invisible

» Lanka Tiles
Lanka IOC back in profits after raising fuel prices EmptyThu Aug 08, 2019 10:15 pm by The Invisible

» Expolanka
Lanka IOC back in profits after raising fuel prices EmptyThu Aug 08, 2019 8:28 pm by ruwan326

» Tile - Snapshot
Lanka IOC back in profits after raising fuel prices EmptyThu Aug 08, 2019 11:37 am by mymoney

» DPL.N0000 (Dankotuwa Porcelain PLC)
Lanka IOC back in profits after raising fuel prices EmptyThu Aug 08, 2019 11:31 am by mymoney

» නිරුවත
Lanka IOC back in profits after raising fuel prices EmptyThu Aug 08, 2019 9:36 am by කිත්සිරි ද සිල්වා

» HAYC - Haycarb
Lanka IOC back in profits after raising fuel prices EmptyThu Aug 08, 2019 7:32 am by Beta

» WATA - Watawala
Lanka IOC back in profits after raising fuel prices EmptyWed Aug 07, 2019 12:03 pm by lanka

» Chemanex
Lanka IOC back in profits after raising fuel prices EmptyWed Aug 07, 2019 6:40 am by The Invisible

» East West properties
Lanka IOC back in profits after raising fuel prices EmptyTue Aug 06, 2019 8:17 am by slstock

» CSE Market Wrap - 02.08.2019
Lanka IOC back in profits after raising fuel prices EmptyTue Aug 06, 2019 6:59 am by pjrngroup

August 2019
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
25262728293031

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Lanka IOC back in profits after raising fuel prices

Go down

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)
The Invisible
The Invisible

Posts : 1176
Join date : 2016-11-28
Age : 39

Back to top Go down

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

dhanurrox

Posts : 581
Join date : 2014-03-27

Back to top Go down

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.

serene
Top contributor
Top contributor

Posts : 4649
Join date : 2014-02-26

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum