Sierra Cables PLC Announces Unaudited Company and Group Earnings Results for the Quarter and Period Ended December 31, 2018
February 14, 2019 at 04:49 pm IST
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Sierra Cables PLC announced unaudited company and group earnings results for the quarter and period ended December 31, 2018. For the quarter, on company basis, the company reported revenue of LKR 955,375,381 against LKR 1,042,196,712 a year ago. Profit from operations was LKR 44,703,547 against LKR 77,052,161 a year ago. Loss for the period was LKR 50,217,536 against profit of LKR 32,353,804 a year ago. Loss per share was LKR 0.09 against earnings of LKR 0.06 a year ago.
For the period, on company basis, the company reported revenue of LKR 2,929,879,237 against LKR 2,676,918,086 a year ago. Profit from operations was LKR 150,656,660 against LKR 128,989,723 a year ago. Loss for the period was LKR 78,750,350 against profit of LKR 16,488,040 a year ago. Loss per share was LKR 0.15 against earnings of LKR 0.03 a year ago.
For the quarter, on group basis, the company reported revenue of LKR 1,186,758,975 against LKR 1,086,575,049 a year ago. Profit from operations was LKR 77,380,828 against LKR 44,784,987 a year ago. Loss for the period was LKR 27,187,382 against LKR 8,006,189 a year ago. Loss per share was LKR 0.06 against LKR 0.01 a year ago.
For the period, on group basis, the company reported revenue of LKR 3,238,989,596 against LKR 2,880,940,692 a year ago. Profit from operations was LKR 126,834,852 against LKR 106,340,264 a year ago. Loss for the period was LKR 125,596,216 against LKR 32,241,618 a year ago. Loss per share was LKR 0.23 against LKR 0.05 a year ago.
Sierra Cables PLC is a Sri Lanka-based company. The Company is engaged in manufacturing, marketing and distribution of copper and aluminum cable products for the energy, industrial, specialty and communications sectors. Its product portfolio includes Armoured Cables, Unarmoured Cables, Single & Multi Core, Aluminium PVC, XLPE cables, Alu. Conductors, ABC Cables, Telephone Cables, LSHF (Low Smoke Halogen Free) Cables, Auto Cables, Flexible & Flexi. Screen, Earth Cables, Control Cables, Coaxial Cables, Fire Cables LSHF, and others. Its serve customer in Project market, which caters to apartment, hotels, commercial, buildings, housing, projects, and mega infrastructure development project; Dealer market, which caters to local distribution channels, agents, distribution, and dealers; Institutional category, which caters to projects acquired through bidding for government tenders for national electrification projects, telecommunication providers and other government institutions.