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» In the Meantime, Within Our Shores !
Melstacorp (MELS) EmptyYesterday at 10:27 pm by කිත්සිරි ද සිල්වා

» HNB.N0000 (Hatton National Bank PLC)
Melstacorp (MELS) EmptyYesterday at 10:25 pm by gosrilanka

» Island-wide daytime curfews lifted from Tuesday – Presidential Secretariat
Melstacorp (MELS) EmptyYesterday at 5:52 pm by Backstage

» Coronavirus Updates
Melstacorp (MELS) EmptyYesterday at 9:52 am by The Invisible

» Webinar on economy in Sinhala. Today.
Melstacorp (MELS) EmptySat May 23, 2020 4:53 pm by Backstage

» US Recovery? Some Americans Spent Stimulus Money on Toys While 4 Million Skipped Mortgage Payments
Melstacorp (MELS) EmptySat May 23, 2020 8:01 am by The Invisible

» නොසන්සිඳෙන ආශාව!
Melstacorp (MELS) EmptyFri May 22, 2020 10:29 pm by කිත්සිරි ද සිල්වා

» Dividend Announcements
Melstacorp (MELS) EmptyFri May 22, 2020 8:39 pm by spw19721

» ද ෆිනෑන්ස්‘ ව්‍යාපාර කටයුතු අද සිට හමාරයි
Melstacorp (MELS) EmptyFri May 22, 2020 5:03 pm by nihal123

» Asia virus latest: cyclone prompts infection fears; Korea football row over sex dolls
Melstacorp (MELS) EmptyFri May 22, 2020 7:09 am by The Invisible

» SAMP.N0000 (Sampath Bank PLC)
Melstacorp (MELS) EmptyFri May 22, 2020 5:42 am by NIRMALSG

» JKH.N0000
Melstacorp (MELS) EmptyThu May 21, 2020 9:08 pm by The Invisible

» Thread for News on International Markets
Melstacorp (MELS) EmptyThu May 21, 2020 4:53 pm by The Invisible

» Webinar on Capital market tomorrow 6pm
Melstacorp (MELS) EmptyThu May 21, 2020 12:49 pm by කිත්සිරි ද සිල්වා

» New polls show trouble for Trump and Republicans in GOP strongholds
Melstacorp (MELS) EmptyWed May 20, 2020 10:29 pm by කිත්සිරි ද සිල්වා

» මහ මැතිවරණය ජුනි 20
Melstacorp (MELS) EmptyWed May 20, 2020 9:16 pm by The Invisible

» NTB.N0000 (Nations Trust Bank PLC)
Melstacorp (MELS) EmptyWed May 20, 2020 5:09 pm by The Invisible

» Ceylon Chamber proposes multi-sectoral approach for economic revival
Melstacorp (MELS) EmptyWed May 20, 2020 4:22 pm by LSE

» Access Engineering AEL Technical Analysis
Melstacorp (MELS) EmptyWed May 20, 2020 9:18 am by The Invisible

» ACL Cables
Melstacorp (MELS) EmptyWed May 20, 2020 5:07 am by NIRMALSG

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
Melstacorp (MELS) EmptyWed May 20, 2020 12:48 am by nihal123

» කොටස් වෙළෙඳපොළ අඛණ්ඩව 5 වන දිනයටත් ඉහළට. සියලු කොටස් ඒකක 94 කින් නගී
Melstacorp (MELS) EmptyTue May 19, 2020 5:37 pm by The Invisible

» විදෙස් ආයෝජන
Melstacorp (MELS) EmptyTue May 19, 2020 5:34 pm by nihal123

» RCL - Royal Ceramics
Melstacorp (MELS) EmptyMon May 18, 2020 10:16 pm by The Invisible

» LDEV - Lankem Developments
Melstacorp (MELS) EmptyMon May 18, 2020 10:09 pm by The Invisible

» Hayleys MGT
Melstacorp (MELS) EmptyMon May 18, 2020 9:55 pm by The Invisible

» Tokyo Cement
Melstacorp (MELS) EmptyMon May 18, 2020 9:49 pm by The Invisible

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Melstacorp (MELS) EmptyMon May 18, 2020 8:00 pm by pathfinder

» Sri Lanka Bonds Win Fans After Becoming Worst Performer in Asia
Melstacorp (MELS) EmptyMon May 18, 2020 10:52 am by serene

» Record price for Ceylon Tea…
Melstacorp (MELS) EmptySun May 17, 2020 10:22 am by The Invisible

» Sri Lanka tea prices soar despite COVID-19 disruptions
Melstacorp (MELS) EmptySun May 17, 2020 10:20 am by The Invisible

» පසුගිය සතියේ දී කොටස් වෙළෙඳපොළෙන් රු. බිලියන 3.5 ක ශුද්ධ විදේශීය ගලා යාමක්
Melstacorp (MELS) EmptySat May 16, 2020 4:45 pm by nihal123

» Am Sure He was Joking !
Melstacorp (MELS) EmptySat May 16, 2020 3:31 pm by slstock

» Films - To Watch List
Melstacorp (MELS) EmptyThu May 14, 2020 9:44 pm by nirmal

» Thread for News on CSE and SL Economy
Melstacorp (MELS) EmptyWed May 13, 2020 6:39 pm by nihal123

» කලකට පසු කොටස් වෙළෙඳපොළේ කැපී පෙනෙන වර්ධනයක්. 2018 නොවැම්බර් මාසයෙන් පසු සියලු කොටස් මිල දර්ශකයේ ඉහළම ප්‍රතිශතාත්මක වර්ධනය අද
Melstacorp (MELS) EmptyWed May 13, 2020 6:38 pm by nihal123

» Caught in Providence
Melstacorp (MELS) EmptyTue May 12, 2020 2:24 pm by කිත්සිරි ද සිල්වා

» Users Online
Melstacorp (MELS) EmptyMon May 11, 2020 8:38 am by slstock

» RECOMMENCEMENT OF TRADING
Melstacorp (MELS) EmptySat May 09, 2020 11:25 am by The Invisible

» Sri Lanka forex reserves drop US$353mn to US$7.2mn in April
Melstacorp (MELS) EmptyFri May 08, 2020 1:55 pm by The Invisible

» අසිරිමත් තෙමගුලක් ඔබ සියලු දෙන හට
Melstacorp (MELS) EmptyFri May 08, 2020 12:25 am by Afourer

» මහබැංකු පොලි අනුපාතය පහළට
Melstacorp (MELS) EmptyThu May 07, 2020 8:54 pm by The Invisible

» සියයට 10 කින් S&P SL20 වැටුණොත් කොටස් වෙළෙඳපොළ හමාරයි. දෛනික ගනුදෙනු අත්හිටුවීම අදියර තුනකින්
Melstacorp (MELS) EmptyThu May 07, 2020 10:22 am by nihal123

» The Wuhan virus lab at the heart of the US-China spat
Melstacorp (MELS) EmptyWed May 06, 2020 3:33 pm by The Invisible

» COVID-19 වසංගතය හේතුවෙන් දකුණු ආසියාවේ දරුණුතම ආර්ථික බලපෑම ශ්‍රී ලංකාවට – The Economist කියයි
Melstacorp (MELS) EmptyMon May 04, 2020 6:21 pm by nihal123

» තීන්ත කොන්ත්‍රාත්තුව
Melstacorp (MELS) EmptyMon May 04, 2020 1:56 pm by nihal123

» Sri Lanka’s oil palm growers say ready for more ‘import substitution’ if allowed
Melstacorp (MELS) EmptyMon May 04, 2020 11:45 am by The Invisible

» Sri Lanka high grown teas up, low growns ease in April 29/30 auction
Melstacorp (MELS) EmptyMon May 04, 2020 11:42 am by The Invisible

» Sri Lanka businesses call for labor law flexibility, deferred EPF in Coronavirus curfews
Melstacorp (MELS) EmptySun May 03, 2020 10:31 am by Expert

» Warren Buffett: ‘American magic’ will spur US economic recovery
Melstacorp (MELS) EmptySun May 03, 2020 9:20 am by කිත්සිරි ද සිල්වා

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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
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