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Sri Lanka's Piramal Glass Ceylon Ltd, a unit of India's Piramal group said profits in the September 2011 quarter rose 54 percent to 242 million rupees from an year earlier interim accounts showed.
The firm reported earnings per share of 26 cents. The stock last traded at 7.90 rupees.
Revenues rose 24 percent to 1.27 billion rupees, though cost of sales rose at a faster 32.4 percent to 850 million rupees, making gross profits grow at a slower 11 percent to 429 million rupees.
Net profits however were helped by lower distribution costs which fell from 70 million rupees in 2010 to 38 million in the September quarter this year.
http://lbo.lk/fullstory.php?nid=1551664413
The firm reported earnings per share of 26 cents. The stock last traded at 7.90 rupees.
Revenues rose 24 percent to 1.27 billion rupees, though cost of sales rose at a faster 32.4 percent to 850 million rupees, making gross profits grow at a slower 11 percent to 429 million rupees.
Net profits however were helped by lower distribution costs which fell from 70 million rupees in 2010 to 38 million in the September quarter this year.
http://lbo.lk/fullstory.php?nid=1551664413
