Vallibel One PLC Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 14, 2021
Share
Vallibel One PLC reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was LKR 16,351.77 million compared to LKR 12,858.37 million a year ago. Revenue was LKR 23,441.97 million compared to LKR 20,454.14 million a year ago. Net income was LKR 2,654.78 million compared to LKR 1,584.52 million a year ago. Basic earnings per share was LKR 2.44 compared to LKR 1.3929 a year ago.
For the six months, sales was LKR 28,551.76 million compared to LKR 19,320.28 million a year ago. Revenue was LKR 42,139.93 million compared to LKR 33,567.24 million a year ago. Net income was LKR 4,045.31 million compared to LKR 2,443.71 million a year ago. Basic earnings per share was LKR 3.72 compared to LKR 2.1466 a year ago.
Vallibel One PLC is a Sri Lanka-based conglomerate company. The Company operates as a diversified investment holding company. It has invested in LB Finance PLC, Royal Ceramics Lanka PLC, Delmege Limited, Greener Water Ltd and The Fortress Resorts PLC. It invests in various sectors, including lifestyle, finance, aluminum, plantations, leisure, consumer, and investments and others. In lifestyle sector, its products and solutions include tiles, sanitaryware, kitchen cabinets and sinks, grout and mortar, interior decor solutions, and furniture. In financial sector, its products and solutions include leasing, fixed deposits, gold loans, mortgage loans, savings, cash in mobile and money exchange. In aluminum sector, its products and solutions include aluminum extrusions, folding sliding doors, sliding windows and doors, partitions, swing doors, multi-purpose ladders, and solar railings and accessories. In plantation sector, its products and solutions include tea, rubber, coconut and other.