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

Display results as :
 


Rechercher Advanced Search

Latest topics
» Coronavirus Updates
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyToday at 9:08 pm by කිත්සිරි ද සිල්වා

» Thread for News on International Markets
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyToday at 7:39 am by The Invisible

» In the Meantime, Within Our Shores !
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyYesterday at 10:00 pm by කිත්සිරි ද සිල්වා

» Embrace Modernity or Perish is the Question Today
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyYesterday at 2:43 pm by කිත්සිරි ද සිල්වා

» Sri Lanka tea prices soar amid rupee fall, tight supplies at Coronavirus e-auction
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyYesterday at 2:40 pm by The Invisible

» Sri Lanka’s Colombo tea auction goes online amid Coronavirus curfew
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyYesterday at 10:09 am by The Invisible

» Cartoon Today
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyYesterday at 10:04 am by කිත්සිරි ද සිල්වා

» Thread for News on CSE and SL Economy
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyTue Apr 07, 2020 7:51 am by The Invisible

» ඩොලරයේ විකුණුම් මිල රු. 199 ඉක්මවයි
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyMon Apr 06, 2020 3:03 pm by කිත්සිරි ද සිල්වා

» මරණය-පෙනි-පෙනී-ඇමරිකාවට-ගිය-ගමන
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptySun Apr 05, 2020 8:00 pm by nihal123

» Happy Birthday
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptySat Apr 04, 2020 3:21 pm by pjrngroup

» Nikon Offering Free online Photography Classes
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptySat Apr 04, 2020 10:23 am by කිත්සිරි ද සිල්වා

» Oil, Gold & Silver Prices
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptySat Apr 04, 2020 9:39 am by කිත්සිරි ද සිල්වා

» A Simple but Powerful Yogic Process to Boost Immunity and Enhance Lung Capacity
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyFri Apr 03, 2020 8:15 pm by කිත්සිරි ද සිල්වා

» Sri Lanka finance companies pressured by Coronavirus: Fitch
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyFri Apr 03, 2020 1:12 pm by The Invisible

» Sri Lanka appeals for forex inflows to combat COVID-19, lifts inward restrictions
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyThu Apr 02, 2020 8:49 pm by The Invisible

» Sri Lanka to control imports except oil and medicines, grow vegetables: Minister
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyThu Apr 02, 2020 8:48 pm by The Invisible

» ඇඳුම නං නරක නෑ
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyWed Apr 01, 2020 9:48 am by The Invisible

» Kagame gives food, free electricity to every household during lockdown
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyTue Mar 31, 2020 10:07 am by කිත්සිරි ද සිල්වා

» MARKET HOLIDAY ON 30TH MARCH 2020
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptySun Mar 29, 2020 10:09 pm by කිත්සිරි ද සිල්වා

» Power of Social Media
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptySun Mar 29, 2020 1:19 pm by කිත්සිරි ද සිල්වා

» මනුස්සකම
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptySun Mar 29, 2020 10:10 am by LSE

» 450 Ivy League courses you can take online right now for free
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptySat Mar 28, 2020 2:32 am by pjrngroup

» අය කළ ණය වාරික නැවත ලබා දෙනවා – මහජන බැංකු සභාපති කියයි
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyFri Mar 27, 2020 12:02 pm by nihal123

» මේ දුප්පත් රටට ඔබේ ජීවිතය බේරලා දෙන්න උදව් කරන්න.
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyThu Mar 26, 2020 4:26 pm by malanp

» Coronavirus COVID-19 Live update
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyWed Mar 25, 2020 7:59 pm by nihal123

» Anytime Data
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyWed Mar 25, 2020 4:07 pm by pjrngroup

» Films - To Watch List
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyWed Mar 25, 2020 12:05 pm by yellow knife

» US Embassy urges Americans in Sri Lanka to leave
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyWed Mar 25, 2020 8:16 am by The Invisible

» Why we need to practise social distancing
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyTue Mar 24, 2020 8:44 pm by chutiputha

» මුළු දිවයිනටම ඇඳීරි නිතිය
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyTue Mar 24, 2020 8:17 pm by chutiputha

» නමක් ගමක් දන්නෙ නෑ රත්තරන් මනුස්සයෙක්
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyTue Mar 24, 2020 6:01 pm by nihal123

» Amazon today cancelled the subscription of books and audio stories
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyTue Mar 24, 2020 5:33 pm by කිත්සිරි ද සිල්වා

» ජනපතිගෙන් ජනතාවට සහන
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyMon Mar 23, 2020 8:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka asks telecos to give emergency credit to keep in touch in Coronavirus fight
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyMon Mar 23, 2020 7:35 am by The Invisible

» කොටස් වෙළෙඳපොළ හෙට පැය 03කට විවෘත කෙරේ. හැකි නම් නිවසේ සිට වැඩ කරන්න
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyMon Mar 23, 2020 7:18 am by The Invisible

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptySun Mar 22, 2020 7:52 am by The Invisible

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptySat Mar 21, 2020 2:27 pm by serene

» Obituary Notice.
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptySat Mar 21, 2020 1:13 pm by කිත්සිරි ද සිල්වා

» Sri Lanka makes mini-budget till May 2020 under Presidential powers
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptySat Mar 21, 2020 9:49 am by The Invisible

» හෝමාගම රෝහලත් කොරෝනා රෝගීන් සඳහා වෙන් කරයි
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptySat Mar 21, 2020 9:43 am by nihal123

» People first, economy next, says top economist
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyFri Mar 20, 2020 9:59 am by Backstage

» කොටස් වෙළෙඳපොළ ගනුදෙනු හෙට යළි ඇරඹෙයි
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyFri Mar 20, 2020 8:34 am by malanp

» ඉන්දීය අගමැති මුළු රටටම ඇඳිරි නීතිය පනවයි
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyFri Mar 20, 2020 8:05 am by The Invisible

» Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyThu Mar 19, 2020 2:36 pm by කිත්සිරි ද සිල්වා

» නිවසේ සිට වැඩ කරන සතියක් : රජය සහ පුද්ගලික අංශය දෙකටම
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyThu Mar 19, 2020 2:31 pm by The Invisible

» Sri Lanka elections delayed over Coronavirus
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyThu Mar 19, 2020 2:27 pm by The Invisible

» Sri Lanka’s market closed over Coronavirus on March 19
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyThu Mar 19, 2020 9:31 am by The Invisible

» Sri Lanka stock market closed Tuesday in Coronavirus holiday
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyThu Mar 19, 2020 9:23 am by The Invisible

» Sri Lanka President orders 6-month debt moratorium, 4-pct working capital
Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise EmptyWed Mar 18, 2020 3:17 pm by slstock

April 2020
SunMonTueWedThuFriSat
   1234
567891011
12131415161718
19202122232425
2627282930  

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

Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise

Go down

Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise Empty Sri Lanka’s Piramal Glass in Sept quarter loss as costs rise

Post by The Invisible on Wed Oct 31, 2018 9:36 am

ECONOMYNEXT - Sri Lanka’s Piramal Glass Ceylon said it made a loss of 8.5 million rupees in the September 2018 quarter compared with net profit of 49 million rupees a year ago as higher fuel prices raise costs.

Sales during the second quarter of FY2018-19 rose 12 percent to 1,878 million rupees, although domestic sales were stagnant, interim results filed with the stock exchange showed.

The container glass maker, a unit of India’s Piramal group, reported a loss per share of one cent in the September 2018 quarter compared with earnings per share of five cents the previous year.

In the six months to September 2018 EPS fell to four cents from 16 cents in the same 2017 period.

“Whilst during the quarter, the company ensured a top line growth of 12%, gross profit margins fell from 21% to 10%,” the company said in a statement.

Piramal Glass Ceylon said it is investing in a new bottle production line which would enable it to increase production of smaller bottles to meet a shift in consumer preferences to smaller pack sizes that also eroded gross profit.

“Due to the increase in levies and taxes, the final products are becoming more expensive. This has resulted in the consumer shifting towards smaller pack sizes.”

The quarterly loss stemmed mainly from higher costs whose full impact will be felt in future quarters, the company said.

“The gross profit during the period under review was severely impacted by the fuel increase which in turn has directly impacted the prices of raw materials, packing material and transportation costs.

“The margins further declined due to the increase in LPG costs by 35% and furnace oil increase by 15%.

“The published results are only partly impacted by this, with the full impact being yet to be felt in the future quarters. In this situation, the company has been compelled to pass on part of the inflation to the second half of the current financial year.”

Piramal Glass Ceylon said it managed to increase exports to offset low domestic demand with export sales up by 55 percent to 1.4 billion rupees.

“The management made special efforts to expand their sales in the export market in a bid to offset the domestic setback,” the statement said.

Exports to Canada, USA, Vietnam and India took the lead amongst the increased export sales.
(COLOMBO, 30 October, 2018)
The Invisible
The Invisible

Posts : 1745
Join date : 2016-11-28
Age : 40

Back to top Go down

Back to top


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