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Feb 01, 2013 (LBT) - Watawala Plantations PLC has recorded a Profit After Tax of Rs 286 million for the quarter ending December 31, 2012 and that is a 54% increase on trailing quarter.
Quarter to quarter revenue was up 29% to Rs 1.78 billion mainly due to production and productivity increase in Palm Oil, quality of crop for tea helped with tea prices remaining high.
The plantation’s Profit After Tax for the third quarter ending December 31, 2012 has increased 54% to Rs 286 million, compared to that of Rs 187 million for the previous quarter.
For the ninth month ending December 31, 2012, revenue was Rs 4.4 billion with a Profit After Tax of Rs 630 million.
http://lbt.lk/news/business/3588-watawala-plantations-profits-increases-by-54
Quarter to quarter revenue was up 29% to Rs 1.78 billion mainly due to production and productivity increase in Palm Oil, quality of crop for tea helped with tea prices remaining high.
The plantation’s Profit After Tax for the third quarter ending December 31, 2012 has increased 54% to Rs 286 million, compared to that of Rs 187 million for the previous quarter.
For the ninth month ending December 31, 2012, revenue was Rs 4.4 billion with a Profit After Tax of Rs 630 million.
http://lbt.lk/news/business/3588-watawala-plantations-profits-increases-by-54
