Distilleries says cheers with Rs. 5 b pre-tax profit in nine months
Distilleries Company of Sri Lanka (DCSL) has enjoyed a cheerful first nine months of 2010/11 financial year, with pre-tax profit topping the Rs. 5 billion mark and the bottom line surpassing Rs. 3 billion.
Consolidated pre-tax profit amounted to Rs. 5.02 billion, up by 60% from the first nine months of last year, whilst after-tax profit grew by 57% to Rs. 3.2 billion.
Net profit attributable to equity holders was Rs. 3.16 billion, up by 59% from Rs. 1.99 billion achieved in the first nine months of 2009/10 financial year.
In the quarter ended 31 December 2010, pre-tax profit was Rs. 1.9 billion, up by 56% and after tax profit amounted to Rs. 1.2 billion, an increase of 38% over the corresponding period of last financial year.
DCSL’s group turnover saw a 19% growth to Rs. 35.7 billion in the first nine months and a 27% rise in the third quarter to Rs. 13 billion. Profit from operations rose by 51% to Rs. 4.95 billion in the nine months and by 60% to Rs. 1.85 billion in the third quarter.