Balangoda Plantations PLC Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
August 15, 2018 at 12:34 pm IST
Balangoda Plantations PLC reported earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue of LKR 621,942,000 against LKR 936,495,000 a year ago. Loss from operating activities was LKR 38,834,000 against profit from operations of LKR 322,670,000 a year ago. Loss before taxation was LKR 98,768,000 against profit before taxation of LKR 269,873,000 a year ago. Net loss for the period was LKR 98,768,000 or LKR 4.18 per share against profit for the period of LKR 269,873,000 or LKR 11.42 per share a year ago.
For the six months, the company reported revenue of LKR 1,238,907,000 against LKR 1,752,419,000 a year ago. Profit from operating activities was LKR 1,816,000 against LKR 385,314,000 a year ago. Loss before taxation was LKR 109,836,000 against profit before taxation of LKR 285,101,000 a year ago. Net loss for the period was LKR 109,836,000 or LKR 4.65 per share against net profit for the period of LKR 285,101,000 or LKR 12.06 per share a year ago. Net cash out flow from operating activities was LKR 91,138,000 against net cash flow from operating activities of LKR 135,404,000 a year ago. Purchases of property plant & equipment were LKR 6,127,000 against LKR 4,711,000 a year ago.