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» Dividend Announcement
Melstacorp (MELS) EmptyFri Sep 13, 2019 4:24 am by Rana

» Performance of the Market-Weekly
Melstacorp (MELS) EmptyThu Sep 12, 2019 7:58 pm by ruwan326

» කැසිනෝ ව්‍යාපාරික රවී විජේරත්න, අර්බුදයට පත් MTD Walkers මිල දී ගැනීමට සැරසෙයි
Melstacorp (MELS) EmptyMon Sep 09, 2019 7:47 pm by nihal123

» Happy Birthday
Melstacorp (MELS) EmptyMon Sep 09, 2019 10:54 am by nuwanmja

»  Rajgama Heroes !
Melstacorp (MELS) EmptySat Sep 07, 2019 10:24 am by කිත්සිරි ද සිල්වා

» Yahoo mail
Melstacorp (MELS) EmptyFri Sep 06, 2019 5:38 pm by Rana

» Thread for News on International Markets
Melstacorp (MELS) EmptyFri Sep 06, 2019 9:50 am by The Invisible

» JINS.N0000 ( Janashakthi Insurance PLC)
Melstacorp (MELS) EmptyFri Sep 06, 2019 9:47 am by The Invisible

» Browns Investments update
Melstacorp (MELS) EmptyFri Sep 06, 2019 6:00 am by sanjulanka

» Hayleys MGT
Melstacorp (MELS) EmptyFri Sep 06, 2019 5:55 am by The Invisible

» SEYB.N0000 ( SEYLAN BANK PLC )
Melstacorp (MELS) EmptyThu Sep 05, 2019 8:47 pm by soileconomy

» Tourism Sector
Melstacorp (MELS) EmptyThu Sep 05, 2019 6:08 pm by NIRMALSG

» CLND Not to miss
Melstacorp (MELS) EmptyWed Sep 04, 2019 9:42 pm by sureshot

» Thread for News on CSE and SL Economy
Melstacorp (MELS) EmptyWed Sep 04, 2019 6:35 pm by NIRMALSG

» TJL.N0000 (Textured Jersey Lanka PLC.)
Melstacorp (MELS) EmptyTue Sep 03, 2019 6:12 pm by Ethical Trader

» UBC Union Bank of Colombo
Melstacorp (MELS) EmptyTue Sep 03, 2019 12:09 pm by The Invisible

» Obituary Notice.
Melstacorp (MELS) EmptyMon Sep 02, 2019 10:34 pm by කිත්සිරි ද සිල්වා

» Trading Journal
Melstacorp (MELS) EmptyMon Sep 02, 2019 9:32 am by sanjulanka

» Thread for News on Local and Foreign Politics
Melstacorp (MELS) EmptySat Aug 31, 2019 5:13 pm by The Invisible

» Sri Lanka bank profitability under pressure: Moody’s
Melstacorp (MELS) EmptySat Aug 31, 2019 8:44 am by The Invisible

» ‘වැඩකාරයාගේ නමත් සිරිසේන’ කියලා හිනාවුණා
Melstacorp (MELS) EmptyFri Aug 30, 2019 4:05 pm by sanjulanka

» 8000 Post Club | Celebration of a Great Milestone කිත්සිරි ද සිල්වා
Melstacorp (MELS) EmptyThu Aug 29, 2019 7:17 pm by කිත්සිරි ද සිල්වා

» In the Meantime, Within Our Shores !
Melstacorp (MELS) EmptyThu Aug 29, 2019 10:37 am by කිත්සිරි ද සිල්වා

» Sri Lanka to call for bids to develop Mannar Basin natural gas find
Melstacorp (MELS) EmptyTue Aug 27, 2019 4:32 pm by nuwanmja

» “බිරිඳගේ සහ පෙම්වතියගේ වෙනස මොකක්ද?”
Melstacorp (MELS) EmptySun Aug 25, 2019 11:51 pm by sanjulanka

» The Central Bank of Sri Lanka Reduces its Policy Interest Rates
Melstacorp (MELS) EmptySat Aug 24, 2019 4:26 am by Ethical Trader

» JKH - 155/00 Breakout is pending
Melstacorp (MELS) EmptyFri Aug 23, 2019 2:21 pm by pjrngroup

» Tokyo as at 21.08.2019 Morning
Melstacorp (MELS) EmptyWed Aug 21, 2019 10:07 am by nisashi

» අනං මනං! #/+?.<>
Melstacorp (MELS) EmptyTue Aug 20, 2019 8:18 pm by ruwan326

» What Would You Do?
Melstacorp (MELS) EmptyMon Aug 19, 2019 1:02 pm by කිත්සිරි ද සිල්වා

» Back of the Legends
Melstacorp (MELS) EmptyMon Aug 19, 2019 10:13 am by Topcat

» NTB.N0000 (NATIONS TRUST BANK PLC)
Melstacorp (MELS) EmptySun Aug 18, 2019 10:33 pm by lanka

» Melstacorp (MELS)
Melstacorp (MELS) EmptySun Aug 18, 2019 8:33 pm by The Invisible

» Cargills (CARG)
Melstacorp (MELS) EmptySun Aug 18, 2019 8:26 pm by The Invisible

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Melstacorp (MELS) EmptySun Aug 18, 2019 8:18 pm by The Invisible

» SHL.N0000 (Softlogic Holdings PLC)
Melstacorp (MELS) EmptySun Aug 18, 2019 8:14 pm by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
Melstacorp (MELS) EmptySat Aug 17, 2019 12:44 pm by nuwanmja

» CFVF - First Capital
Melstacorp (MELS) EmptyFri Aug 16, 2019 9:58 am by CK

» Ceylinco Insurance CINS
Melstacorp (MELS) EmptyWed Aug 14, 2019 9:18 am by The Invisible

» HNB.N0000 ( Hatton National Bank PLC)
Melstacorp (MELS) EmptyWed Aug 14, 2019 9:15 am by The Invisible

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Melstacorp (MELS) EmptyWed Aug 14, 2019 9:11 am by The Invisible

» LIOC.N0000 (Lanka IOC PLC)
Melstacorp (MELS) EmptyMon Aug 12, 2019 2:55 pm by xmart

» HAYL.N0000 Hayleys PLC
Melstacorp (MELS) EmptyMon Aug 12, 2019 1:43 pm by CK

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Melstacorp (MELS) EmptyMon Aug 12, 2019 1:33 pm by The Invisible

» Grain Elevators
Melstacorp (MELS) EmptyMon Aug 12, 2019 1:31 pm by The Invisible

» Sri Lanka sets US$3.5bn tea export target for 2030
Melstacorp (MELS) EmptyMon Aug 12, 2019 1:27 pm by The Invisible

» Tea: July 2019 national average shows gains month on month
Melstacorp (MELS) EmptySun Aug 11, 2019 9:19 pm by Topcat

» OSEA .N
Melstacorp (MELS) EmptySat Aug 10, 2019 6:40 pm by The Invisible

» Sri Lanka mulls reforms to punish 'errant' plantation companies
Melstacorp (MELS) EmptySat Aug 10, 2019 6:33 pm by The Invisible

» JKH.N0000
Melstacorp (MELS) EmptySat Aug 10, 2019 11:38 am by The Invisible

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Melstacorp (MELS)

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Melstacorp (MELS) Empty Melstacorp (MELS)

Post by The Invisible on Sun Aug 18, 2019 8:33 pm

ECONOMYNEXT - Profits at Sri Lanka's Melstacorp PLC rose 50 percent from a year earlier to 1.2 billion rupees in the June 2019 quarter from a year ago due to a sharp decrease in distribution costs and other expenses, interim accounts showed.
The diversified holdings company reported earnings of 1.02 rupees a share in the quarter.
Melstacorp was trading a rupee up at 45.00 rupees a share on Friday.
During the quarter, net revenue grew 11.84 percent from a year earlier to 23 billion rupees, cost of sales grew 15.25 percent to 15 billion rupees leading to a narrow 5.83 percent rise in gross profits to 7.9 billion rupees.
Other operating income gained 39.71 percent to 370 million rupees.
Distribution costs fell 25.93 percent to 370 million rupees and other operating expenses were down 50.36 percent to 11.9 million rupees.
Net finance cost rose 55 percent to 884 million rupees.
Losses from valuation of financial assets grew 102.05 percent to nearly 3 billion rupees.
The beverages segment which includes listed Distilleries Company of Sri Lanka reported a 77.5 percent growth in profits from a year earlier to 2.9 billion rupees in the June quarter with a marginal revenue growth of 3.2 percent to 21 billion rupees.
Plantations reported a 116-million-rupee loss in the quarter, down 189 percent from a profit of 40 million rupees a year earlier.
Losses from telecommunications which includes voice and broadband services provider Lanka Bell fell 14 percent from a year earlier to 372 million rupees with revenue declining marginally 7 percent to 708 million rupees.
Profits from financial services, which includes Continental Insurance, grew 25.5 percent to 110 million rupees as revenues surged 90 percent from a year earlier to 1.4 billion rupees.
Earnings from diversified businesses fell 88.8 percent to 68 million rupees with a marginal increase in revenue to 12.8 billion rupees in the quarter from 10.9 billion rupees a year earlier. This segment includes listed diversified holdings company Aitken Spence, automobile servicing, a BPO, media and textiles dying and printing facility.
(COLOMBO 16 August 2019)
The Invisible
The Invisible

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