Union Chemicals Lanka plc Reports Financial Results for the Second Quarter and Six Months Ended June 25, 2013
August 06, 2013
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Union Chemicals Lanka Plc reported financial results for the second quarter and six months ended June 25, 2013. For the quarter, revenue was LKR 126,908,000 against LKR 142,201,000 for the same period of last year. Results from operating activities was LKR 9,037,000 against LKR 20,113,000 for the same period of last year. Profit before tax was LKR 4,116,000 against LKR 12,768,000 for the same period of last year. Profit for the year was LKR 2,619,000 or LKR 1.75 per share against LKR 11,288,000 or LKR 7.53 per share for the same period of last year.
For the six months, revenue was LKR 299,513,000 against LKR 342,200,000 for the same period of last year. Results from operating activities was LKR 25,005,000 against LKR 53,059,000 for the same period of last year. Profit before tax was LKR 15,834,000 against LKR 37,349,000 for the same period of last year. Profit for the year was LKR 12,017,000 or LKR 8.01 per share against LKR 25,753,000 or LKR 17.17 per share for the same period of last year. Net cash flows from operating activities was LKR 2,894,000 against LKR 49,728,000 for the same period of last year. Purchase & construction of property, plant and equipment was LKR 5,153,000 against LKR 74,943,000 for the same period of last year.
Union Chemicals Lanka PLC is a Sri Lanka-based chemicals manufacturing and trading company. The Company is engaged in manufacturing and trading of waterborne polymer, adessive, coating and industrial chemicals. It also manufactures and markets a range of polyvinyl and acrylic emulsions for the paint and textile industries in Sri Lanka, and for industrial and domestic use as adhesives, as well as it indents, imports, and markets a range of products, such as specialties solvents, polyolefins, coating resins, surfactants, and personal care products. Its products include binders for emulsion paints, paint additives, alkyd resins, solvents and surfactants, pigments, silicone products and wood coatings. Its adhesive products include R160M, SL5112A, R160S, SL160L, A2017L, A2017R and A4020D, and others. Its other products include monoethanolamine and ethylenediaminetetraacetic acid. It supplies chemical products to paints, inks, packaging, detergents, and pharmaceutical industries.