Dankotuwa Porcelain : Interim Financial Statements as at 30 June 2022

Unaudited Financial Statements

For the Three months ended 30 June 2022

The information contained in these statements have been extracted from the unaudited financial statements of the Company unless indicated as audited.

CORPORATE INFORMATION

Domicile & Legal Form Dankotuwa Porcelain PLC is a Public Quoted Company with limited liability, incorporated under provisions of the Companies Act No. 17 of 1982 (Registered as a Private Limited Company in

Sri Lanka on 06 January 1984 and converted to a Public Company by a special resolution on 08 July 1994). Re-registered under the Companies Act No. 07 of 2007.

Quoted on the Colombo Stock Exchange on the 21 February 1995.

Principal Activity & Nature	Manufacturing and Marketing of Porcelain Tableware Targeted to export and domestic markets
of the Company
Company Reg. No.	PQ 79
Board of Directors	Mr. Y Kanagasabai	-	Chairman
	Mr. R P Pathirana	-	Deputy Chairman
	Mr. R T Devasurendra	-	Director
	Mr. R P Peris	-	Director
	Mr. N S Wijesekara	-	Director
	Mr. C S Karunasena	-	Director
	Dr. K S Narangoda	-	Director
Secretaries	NEXIA CORPORATE CONSULTANTS (PRIVATE) LIMITED
	181, Nawala Road, Narahenpita.
Registrars	S S P CORPORATE SERVICES (PRIVATE) LIMITED
	101, Inner Flower Road,	Colombo 3
Auditors	ERNST & YOUNG
	Chartered Accountants, No. 201, De Saram Place, Colombo 10.
Bankers	Bank of Ceylon
	Cargills Bank Sri Lanka
	Commercial Bank of Ceylon PLC
	Hattion National BanK PLC
	National Development Bank PLC
	Nations Trust Bank PLC
	Pan Asia Banking Corporation PLC
	People's Bank PLC
	Sampath Bank PLC
	Seylan Bank PLC
	Standared Chartered Bank
Factory & Office	Kurunegala Road
	Dankotuwa, Sri Lanka
	Telephone	- '[phone]
	Fax	- '[phone]
	Email	:[e-mail]
	Website	:www.dankotuwa.com
Registered Office	No. 10, 5th Floor, Gothami Road, Colombo 08,Sri Lanka .
	Telephone	- '[phone]
	Fax	- '[phone]
	Email	:[e-mail]
	Website	:www.dankotuwa.com

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CORPORATE INFORMATION

Subsidiaries	Royal Fernwood Porcelain Limited
	Lanka Decals (Private) Limited
	Fernwood Lanka (Private) Limited
	Dankotuwa Singapore Pte. Ltd.
Showrooms	Kirulapone
	194, High Level Road (Opposite Siebel Avenue)
	Colombo 6, Sri Lanka
	Tel: [phone]
	Cinnamon Garden
	47, Guildford Crescent
	Colombo 7, Sri Lanka
	Tel: [phone]
	Negombo
	No. 389 C, Main Street
	Negombo, Sri Lanka
	Tel: [phone]
	Shangri-La Shopping Mall
	1 Galle Face, L3-51
	Colombo 03, Sri Lanka
	Tel: [phone]
	Factory Showroom
	Kurunegala Road
	Dankotuwa, Sri Lanka
	Tel: [phone]
EXPORT MARKETS	Australia, Greece, Germany, India, Italy, Japan, Kenya, Kuwait, Maldives,
	Moldova, Norway, Oman, Singapore, South Africa, Spain, Sweden, UK, USA,
	Uzbekistan and UAE

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DANKOTUWA PORCELAIN PLC

STATEMENT OF PROFIT OR LOSS

	GROUP		COMPANY
For the Period Ended 30th June,	2022	2021	% Change	2022	2021	% Change
	Un-Audited	Un-Audited		Un-Audited	Un-Audited
	LKR '000	LKR'000		LKR'000	LKR'000
Revenue	1,424,920	787,674	81%	788,434	504,415	56%
Cost of Sales	(814,017)	(512,173)	59%	(414,338)	(302,956)	37%
Gross Profit	610,903	275,501	122%	374,096	201,459	86%
Other Income	5,699	4,173	37%	5,821	3,081	89%
Selling and Distribution Expenses	(162,693)	(112,870)	44%	(118,532)	(83,386)	42%
Administrative Expenses	(35,971)	(82,174)	-56%	(35,005)	(51,630)	-32%
Finance Income	6,085	4,003	52%	5,887	3,936	50%
Finance Cost	(56,249)	(28,371)	98%	(24,746)	(17,644)	40%
Profit /(Loss) Before Tax	367,774	60,262	510%	207,522	55,816	272%
Income / Differed Tax (Expense) / Reversal	(69,159)	(9,711)	612%	(39,827)	(9,754)	308%
Profit/(Loss) for the period			491%			264%
298,615	50,551	167,695	46,062
Profit Attributable to:
Equity Holders of the Company	292,972	50,358	482%
Non - Controlling Interests	5,643	193	2817%
	298,615	50,551
Earnings/(Loss) per share
Basic	1.80	0.31	482%	1.03	0.28	264%

The Notes on pages 8 to 10 form an integral part of these Financial Statements.

Figures in bracket indicate deductions

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DANKOTUWA PORCELAIN PLC

STATEMENT OF OTHER COMPREHENSIVE INCOME

	GROUP			COMPANY
For the Period Ended 30th June,	2022			2021		2022			2021
	Un-Audited		Audited		Un-Audited			Audited
	LKR'000		LKR'000		LKR'000			LKR'000
Profit/ (Loss) for the Period	298,615			50,551		167,695			46,062
Other Comprehensive Income
Other Comprehensive Income to be Reclassified to Profit or Loss in
Subsequent Year
Effect of Cashflow Hedges	-			12,967		-			6,385
Tax impact of Cashflow Hedges	-			-		-			-
Translation of Foreign Operations	-			-		-			-
Net Other Comprehensive Income to be Reclassified to Profit or
Loss in Subsequent Year	-			12,967		-			6,385
Other Comprehensive Income not to be Reclassified to Profit or
Loss in Subsequent Year
Actuarial Loss	-			-		-			-
Tax impact on Acturial Loss	-			-		-			-
Revaluation of Land and Building	-			-		-			-
Tax impact on Revaluation Gain	-			-		-			-
Net Other Comprehensive Income not to be Reclassified to Profit or
-			-		-			-
Loss in Subsequent Year
Other Comprehensive Income for the year -Net of Tax	-			12,967		-			6,385
Total Comprehensive Income for the Period
298,615			63,518		167,695			52,447
Total Comprehensive Income Attributable to:
Equity Holders of the Company	292,972			63,041
Non - Controlling Interests	5,643			477
	298,615			63,518

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