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» "පියසේනට දැං සනීපයි..."
Lanka IOC back in profits after raising fuel prices EmptyToday at 5:00 pm by Ethical Trader

» Dividend Announcement
Lanka IOC back in profits after raising fuel prices EmptyToday at 4:52 pm by Ethical Trader

» TJL.N0000 (Textured Jersey Lanka PLC.)
Lanka IOC back in profits after raising fuel prices EmptyToday at 11:50 am by serene

» CFVF - First Capital
Lanka IOC back in profits after raising fuel prices EmptyToday at 7:43 am by serene

» Thread for News on CSE and SL Economy
Lanka IOC back in profits after raising fuel prices EmptyYesterday at 7:18 pm by NIRMALSG

» විද්‍යාව මිස්ගේ පාඩම...
Lanka IOC back in profits after raising fuel prices EmptyYesterday at 7:27 am by sanjulanka

» Trading Journal
Lanka IOC back in profits after raising fuel prices EmptyTue Jul 16, 2019 11:50 pm by pathfinder

» වචන නම් අපේ ඒත් තනුව ?????????
Lanka IOC back in profits after raising fuel prices EmptyTue Jul 16, 2019 8:08 pm by Rana

» Access Engineering AEL Technical Analysis
Lanka IOC back in profits after raising fuel prices EmptyMon Jul 15, 2019 3:07 pm by NIRMALSG

» Tourism sector
Lanka IOC back in profits after raising fuel prices EmptySun Jul 14, 2019 8:57 am by NIRMALSG

» Cricket, meet Capitalism
Lanka IOC back in profits after raising fuel prices EmptyFri Jul 12, 2019 1:24 pm by කිත්සිරි ද සිල්වා

» LFIN - LB Finance
Lanka IOC back in profits after raising fuel prices EmptyThu Jul 11, 2019 11:27 am by Ethical Trader

» අපි නොදන්න චෙස් කිව්වලු !
Lanka IOC back in profits after raising fuel prices EmptyTue Jul 09, 2019 6:25 pm by serene

» Stock Market to stay Bullish
Lanka IOC back in profits after raising fuel prices EmptyMon Jul 08, 2019 7:51 am by කිත්සිරි ද සිල්වා

» Is an emoji a word or a gesture?
Lanka IOC back in profits after raising fuel prices EmptyMon Jul 08, 2019 7:46 am by කිත්සිරි ද සිල්වා

»  Rajgama Heroes !
Lanka IOC back in profits after raising fuel prices EmptyMon Jul 08, 2019 7:39 am by කිත්සිරි ද සිල්වා

» HHL.N0000 ( Hemas Holdings PLC)
Lanka IOC back in profits after raising fuel prices EmptySun Jul 07, 2019 12:25 pm by dhanurrox

» Checkmate, meatbags !
Lanka IOC back in profits after raising fuel prices EmptySun Jul 07, 2019 7:20 am by spw19721

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
Lanka IOC back in profits after raising fuel prices EmptySat Jul 06, 2019 8:13 am by කිත්සිරි ද සිල්වා

» සංචාරක පැමිණීම ක්‍රමයෙන් යහපත් වන ලකුණු
Lanka IOC back in profits after raising fuel prices EmptyFri Jul 05, 2019 6:11 pm by serene

» SAMP.N0000 (SAMPATH BANK PLC)
Lanka IOC back in profits after raising fuel prices EmptyThu Jul 04, 2019 8:55 am by serene

» Easter Sunday Attack and Sri Lanka
Lanka IOC back in profits after raising fuel prices EmptyThu Jul 04, 2019 8:46 am by කිත්සිරි ද සිල්වා

» අනං මනං! #/+?.<>
Lanka IOC back in profits after raising fuel prices EmptyWed Jul 03, 2019 10:07 pm by ruwan326

» First capital holdings
Lanka IOC back in profits after raising fuel prices EmptyWed Jul 03, 2019 1:37 pm by serene

» What to Analyse
Lanka IOC back in profits after raising fuel prices EmptyMon Jul 01, 2019 11:33 am by serene

» අනිසි ලෙස කොටස් මිල හැසිර වූ ආයෝජකයින් දෙදෙනෙකුට සුරැකුම්පත් කොමිසමෙන් නඩු
Lanka IOC back in profits after raising fuel prices EmptyFri Jun 28, 2019 2:11 pm by Ethical Trader

» අද වෙන්දේසියේ දී බිල්පත් පොළිය පහළට.
Lanka IOC back in profits after raising fuel prices EmptyFri Jun 28, 2019 7:46 am by serene

» AAIC.N0000
Lanka IOC back in profits after raising fuel prices EmptyFri Jun 28, 2019 7:33 am by serene

» SERV - The Kingsbury
Lanka IOC back in profits after raising fuel prices EmptyThu Jun 27, 2019 8:27 pm by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Lanka IOC back in profits after raising fuel prices EmptyWed Jun 26, 2019 2:22 pm by nuwanmja

» Life After Google
Lanka IOC back in profits after raising fuel prices EmptyTue Jun 25, 2019 5:28 pm by කිත්සිරි ද සිල්වා

» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
Lanka IOC back in profits after raising fuel prices EmptyTue Jun 25, 2019 6:37 am by nihal123

» Future of Tea Industry
Lanka IOC back in profits after raising fuel prices EmptyMon Jun 24, 2019 6:54 pm by hammurabi

» Cricket !
Lanka IOC back in profits after raising fuel prices EmptyMon Jun 24, 2019 2:22 pm by කිත්සිරි ද සිල්වා

» DIPD.N0000 (Dipped Products)
Lanka IOC back in profits after raising fuel prices EmptyMon Jun 24, 2019 11:40 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Lanka IOC back in profits after raising fuel prices EmptySun Jun 23, 2019 9:14 pm by hammurabi

» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
Lanka IOC back in profits after raising fuel prices EmptyFri Jun 21, 2019 5:25 pm by Ethical Trader

» Happy Father's Day !
Lanka IOC back in profits after raising fuel prices EmptyMon Jun 17, 2019 8:58 pm by spw19721

» DPL.N0000 (Dankotuwa Porcelain PLC)
Lanka IOC back in profits after raising fuel prices EmptySun Jun 16, 2019 7:12 am by NIRMALSG

» Re: Financial reports Q1-2019
Lanka IOC back in profits after raising fuel prices EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

» SEYB.N0000 ( SEYLAN BANK PLC )
Lanka IOC back in profits after raising fuel prices EmptyThu Jun 13, 2019 8:11 pm by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
Lanka IOC back in profits after raising fuel prices EmptyThu Jun 13, 2019 8:08 pm by ruwan326

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Lanka IOC back in profits after raising fuel prices EmptyThu Jun 13, 2019 8:06 pm by ruwan326

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Lanka IOC back in profits after raising fuel prices EmptyThu Jun 13, 2019 7:58 pm by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
Lanka IOC back in profits after raising fuel prices EmptyThu Jun 13, 2019 7:57 pm by ruwan326

» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
Lanka IOC back in profits after raising fuel prices EmptyThu Jun 13, 2019 7:48 pm by ruwan326

» DFCC.N0000 ( DFCC BANK PLC )
Lanka IOC back in profits after raising fuel prices EmptyThu Jun 13, 2019 7:45 pm by ruwan326

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Lanka IOC back in profits after raising fuel prices EmptyThu Jun 13, 2019 7:43 pm by ruwan326

» Should CSE be like this? Whose FAULT is it?
Lanka IOC back in profits after raising fuel prices EmptyWed Jun 12, 2019 5:21 pm by Yin-Yang

» CCS.N0000 ( Ceylon Cold Stores)
Lanka IOC back in profits after raising fuel prices EmptyTue Jun 11, 2019 9:15 pm by ruwan326

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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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