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» LIOC.N0000 (Lanka IOC PLC)
Lanka IOC back in profits after raising fuel prices EmptyYesterday at 1:02 pm by LSE

» Thread for News on CSE and SL Economy
Lanka IOC back in profits after raising fuel prices EmptyFri Jan 24, 2020 10:08 am by lanka

» Gota's Era
Lanka IOC back in profits after raising fuel prices EmptyFri Jan 24, 2020 9:33 am by yellow knife

» බැඳුම්කර වංචාවේ වෝහාරික විගණන වාර්තාව පාර්ලිමේන්තුවට
Lanka IOC back in profits after raising fuel prices EmptyFri Jan 24, 2020 7:05 am by nihal123

» අසාදුගත ව්‍යාපාරිකයින්ට රජයෙන් දුන් සහනය මෙන්න
Lanka IOC back in profits after raising fuel prices EmptyFri Jan 24, 2020 6:37 am by nihal123

» SAMP.N0000 (Sampath Bank PLC)
Lanka IOC back in profits after raising fuel prices EmptyThu Jan 23, 2020 5:55 pm by NIRMALSG

» සුරැකුම්පත් කොමිසමට නව සභාපතිවරයෙක්
Lanka IOC back in profits after raising fuel prices EmptyWed Jan 22, 2020 10:20 am by lanka

» In the Meantime, Within Our Shores !
Lanka IOC back in profits after raising fuel prices EmptyTue Jan 21, 2020 10:17 am by කිත්සිරි ද සිල්වා

» කොටස් තැරැව්කරුවෝ අගමැති මහින්ද හමුවෙති
Lanka IOC back in profits after raising fuel prices EmptyMon Jan 20, 2020 9:29 pm by nihal123

» Obituary Notice.
Lanka IOC back in profits after raising fuel prices EmptyTue Jan 14, 2020 4:14 pm by ipo

» LOLC Holdings
Lanka IOC back in profits after raising fuel prices EmptyMon Jan 13, 2020 6:04 pm by smallville

» SEYB.N0000 (Seylan Bank PLC)
Lanka IOC back in profits after raising fuel prices EmptySun Jan 12, 2020 10:06 pm by subash

» Happy Birthday
Lanka IOC back in profits after raising fuel prices EmptySun Jan 12, 2020 9:16 pm by lanka

» ශ්‍රී ලංකා කොටස් වෙළෙඳපොළ ඉතිහාසයේ දෙවැනි විශාලතම කොටස් ගනුදෙනුව අද
Lanka IOC back in profits after raising fuel prices EmptyThu Jan 09, 2020 9:59 pm by nihal123

» Hayleys MGT
Lanka IOC back in profits after raising fuel prices EmptyThu Jan 09, 2020 5:40 pm by subash

» Browns Investments update
Lanka IOC back in profits after raising fuel prices EmptyThu Jan 09, 2020 10:42 am by The Invisible

» Tokyo Cement
Lanka IOC back in profits after raising fuel prices EmptyWed Jan 08, 2020 10:48 pm by The Invisible

» Lanka Tiles
Lanka IOC back in profits after raising fuel prices EmptyWed Jan 08, 2020 10:44 pm by The Invisible

» RCL - Royal Ceramics
Lanka IOC back in profits after raising fuel prices EmptyWed Jan 08, 2020 10:39 pm by The Invisible

» AEL Access Engineering
Lanka IOC back in profits after raising fuel prices EmptyWed Jan 08, 2020 10:30 pm by The Invisible

» Sri Lanka central bank to develop a cost-based rate to price loans
Lanka IOC back in profits after raising fuel prices EmptyWed Jan 08, 2020 10:21 pm by The Invisible

» Dialog Finance
Lanka IOC back in profits after raising fuel prices EmptyWed Jan 08, 2020 10:19 pm by The Invisible

» Tourism Sector
Lanka IOC back in profits after raising fuel prices EmptyTue Jan 07, 2020 2:05 pm by nihal123

» Expolanka
Lanka IOC back in profits after raising fuel prices EmptyTue Jan 07, 2020 1:18 am by Afourer

» Cartoon Today
Lanka IOC back in profits after raising fuel prices EmptyMon Jan 06, 2020 2:41 pm by කිත්සිරි ද සිල්වා

» කොළඹ කොටස් හුවමාරුවෙහි නවතම ජංගම දුරකථන යෙදුම
Lanka IOC back in profits after raising fuel prices EmptySat Jan 04, 2020 7:36 pm by spw19721

» ඉරානයට කළ ප්‍රහාරයෙන් පසු යුරෝපයේ කොටස් වෙළඳපොළ රැසක් පහළ වැටෙයි
Lanka IOC back in profits after raising fuel prices EmptySat Jan 04, 2020 1:30 pm by nihal123

» VAT අදාළ නැති කට්ටිය මෙන්න. 50,000 ක ලැයිස්තුවක්
Lanka IOC back in profits after raising fuel prices EmptyFri Jan 03, 2020 11:55 am by nihal123

» How to get Access to: 104 Technical trading experiments by HUNTER
Lanka IOC back in profits after raising fuel prices EmptyThu Jan 02, 2020 9:20 am by Admin

» ලංකාවේ ලොකුම සමාගම මෙන්න. දුම්කොළ සමාගම අභිබවමින් ජෝන් කීල්ස් යළිත් පෙරමුණට
Lanka IOC back in profits after raising fuel prices EmptyWed Jan 01, 2020 7:48 pm by Rana

» Sri Lanka’s LOLC Prepares to Sell Its Biggest Overseas Unit
Lanka IOC back in profits after raising fuel prices EmptyWed Jan 01, 2020 4:43 pm by nuwanmja

» Sri Lanka’s Cargills, Sampath, DFCC Bank says met lending rate ceilings
Lanka IOC back in profits after raising fuel prices EmptyWed Jan 01, 2020 4:26 pm by NIRMALSG

» Dividend Announcement
Lanka IOC back in profits after raising fuel prices EmptyWed Jan 01, 2020 1:16 pm by smallville

» Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept
Lanka IOC back in profits after raising fuel prices EmptyWed Jan 01, 2020 9:29 am by The Invisible

» People’s Bank, Sampath, and DFCC face penalties
Lanka IOC back in profits after raising fuel prices EmptyTue Dec 31, 2019 6:33 pm by nihal123

» NDB.N0000 (National Development Bank PLC)
Lanka IOC back in profits after raising fuel prices EmptyTue Dec 31, 2019 1:55 am by Trend

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Lanka IOC back in profits after raising fuel prices EmptyThu Dec 26, 2019 9:23 pm by spw19721

» Thought for the day...
Lanka IOC back in profits after raising fuel prices EmptyThu Dec 26, 2019 3:41 pm by Topcat

» ඩොක්ටර් ඒලියන්ත වයිට්
Lanka IOC back in profits after raising fuel prices EmptyThu Dec 26, 2019 9:15 am by කිත්සිරි ද සිල්වා

» Why (Happy) People Cheat?
Lanka IOC back in profits after raising fuel prices EmptyWed Dec 25, 2019 8:34 pm by pjrngroup

» Who killed Cock Robin?
Lanka IOC back in profits after raising fuel prices EmptyWed Dec 25, 2019 8:33 pm by pjrngroup

» 65 Ways to Make Money Online
Lanka IOC back in profits after raising fuel prices EmptyTue Dec 24, 2019 9:24 am by Topcat

» සුළු හා මධ්‍ය පරිමාණ ව්‍යාපාරිකයින් ලබාගත් ණය අයකර ගැනීම අත්හිටුවන්න
Lanka IOC back in profits after raising fuel prices EmptyTue Dec 24, 2019 8:50 am by Topcat

» ACL Cables
Lanka IOC back in profits after raising fuel prices EmptySat Dec 21, 2019 5:34 am by NIRMALSG

» Sri Lanka to up employer EPF contribution to 15-pct, start social security fund
Lanka IOC back in profits after raising fuel prices EmptyWed Dec 18, 2019 2:46 pm by The Invisible

» රාජ්‍ය සමාගම් කොටස් වෙළෙඳපොළට ගෙන ආ යුතුයි
Lanka IOC back in profits after raising fuel prices EmptyFri Dec 13, 2019 12:37 pm by serene

» Sri Lanka can resume high growth path, cut more taxes: Mark Mobius
Lanka IOC back in profits after raising fuel prices EmptyThu Dec 12, 2019 9:29 am by The Alchemist

» රතු වැටෙනකොට
Lanka IOC back in profits after raising fuel prices EmptyWed Dec 11, 2019 2:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka interest rates should go down, currency will not fall: Mark Mobius
Lanka IOC back in profits after raising fuel prices EmptyWed Dec 11, 2019 11:18 am by The Invisible

» Equation of Happiness Solved
Lanka IOC back in profits after raising fuel prices EmptyTue Dec 10, 2019 5:23 pm by Backstage

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Lanka IOC back in profits after raising fuel prices

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Lanka IOC back in profits after raising fuel prices Empty Lanka IOC back in profits after raising fuel prices

Post by The Invisible on Mon Oct 29, 2018 9:45 pm

ECONOMYNEXT- Sri Lanka unit of India Oil Company, Lanka IOC Plc, returned to the black with a net profit of 207.3 million rupees in the September 2018 quarter, up from a loss of 176.9 million rupees a year earlier, after it was allowed to raise fuel prices, amidst sharp cost cuts, interim accounts showed.

It reported earnings of 39 cents for the quarter in the quarter. Earnings for the first six months to end September were 85 cents a share on a profit of 453.2 million rupees, up from a loss of 312.1 million rupees a year earlier.

Lanka IOC fell 20 cents to 27.10 rupees on Monday.

Revenue for the September quarter grew 2.1 percent from a year earlier to 25.6 billion rupees, cost of sales fell 1 percent to 24 billion rupees leading to gross profits doubling to 1.5 billion rupees.

In May, the government put in place a formula that would change local fuel prices based on global oil price movements every month.

Selling and distribution expense fell 22.8 percent to 580.2 million rupees from a year earlier, while administrative expenses were down 29.3 percent to 364.2 million rupees.

Finance costs increased over tenfold to 546.2 million rupees from 48 million rupees a year earlier.

Lanka IOC's assets grew to 40.3 billion rupees from 33 billion rupees at the start of the financial year with increased inventories.

Borrowings, all short-term, increased to 7.1 billion rupees in September from 5 billion rupees in March. (COLOMBO, 29 October 2018)
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Lanka IOC back in profits after raising fuel prices Empty Re: Lanka IOC back in profits after raising fuel prices

Post by dhanurrox on Mon Oct 29, 2018 10:40 pm

funny thing is the share price is stuck

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Lanka IOC back in profits after raising fuel prices Empty Re: Lanka IOC back in profits after raising fuel prices

Post by serene on Tue Oct 30, 2018 7:57 am

May be it should change its name as Lanka COC(China).
May be possible reduction of oil price in the form of carrot Ala deter the IOC price movement.

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