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» Technology~විද්‍යාව ~ Wisdom
Melstacorp (MELS) EmptyToday at 6:54 am by ruwan326

» අනං මනං! #/+?.<>
Melstacorp (MELS) EmptyMon Nov 11, 2019 12:38 pm by nihal123

» Thread for News on CSE and SL Economy
Melstacorp (MELS) EmptyMon Nov 11, 2019 10:51 am by ruwan326

» ඇඟට නොදැනී ප්‍රතිඋත්තර දෙන හැටි
Melstacorp (MELS) EmptySun Nov 10, 2019 7:37 pm by ruwan326

» What's 5G?
Melstacorp (MELS) EmptySat Nov 09, 2019 3:14 pm by Afourer

» ACL කේබල්ස් ට රුපියල් මිලියන 789 ක ඒරියල් බන්ඩල් සන්නායක කොන්ත්‍රාත්තුවක්
Melstacorp (MELS) EmptySat Nov 09, 2019 7:50 am by කිත්සිරි ද සිල්වා

» ලාෆ් ගෑස් සමාඟමට එරෙහිව විනිමය කොමිසමෙන් නඩු
Melstacorp (MELS) EmptySat Nov 09, 2019 3:05 am by Rana

» CFVF - First Capital
Melstacorp (MELS) EmptyFri Nov 08, 2019 8:36 pm by hammurabi

» Dividend Announcement
Melstacorp (MELS) EmptyFri Nov 08, 2019 11:03 am by nihal123

» Hayleys MGT
Melstacorp (MELS) EmptyWed Nov 06, 2019 10:13 pm by seek

» Thought for the day...
Melstacorp (MELS) EmptyWed Nov 06, 2019 10:24 am by ruwan326

» මෑතකාලීන ආර්ථික ප්‍රවණතා: 2019 සුවිශේෂ සිදුවීම් සහ 2020 අපේක්ෂාවන්
Melstacorp (MELS) EmptyTue Nov 05, 2019 1:22 pm by nihal123

» DIPD.N0000 (Dipped Products)
Melstacorp (MELS) EmptySun Nov 03, 2019 9:13 pm by spw19721

» IMF approves disbursement of USD 164 million for Sri Lanka
Melstacorp (MELS) EmptySun Nov 03, 2019 6:50 pm by Backstage

» Recent tax developments on residential condominium properties
Melstacorp (MELS) EmptySun Nov 03, 2019 5:56 pm by Backstage

» Local Palm Oil Industry
Melstacorp (MELS) EmptySun Nov 03, 2019 4:44 am by serene

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Melstacorp (MELS) EmptySat Nov 02, 2019 10:00 pm by hammurabi

» LPL.N0000
Melstacorp (MELS) EmptyFri Nov 01, 2019 8:35 pm by Admin

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Melstacorp (MELS) EmptySun Oct 27, 2019 9:08 pm by PANTOMATH

» දුක බෙදාගත් හැටි
Melstacorp (MELS) EmptySun Oct 27, 2019 6:48 pm by serene

» මේ විදියට තව අවුරුදු 5ක් ගියොත් දකුණු ආසියාවේ දුප්පත්ම රට බවට ශ්‍රී ලංකාව පත්වේවි – මහාචාර්ය එච්.ඩී. කරුණාරත්න
Melstacorp (MELS) EmptyFri Oct 25, 2019 9:31 pm by ruwan326

» KFP.N0000(Keels Food Products PLC)
Melstacorp (MELS) EmptyFri Oct 25, 2019 8:26 am by yellow knife

» CCS.N0000 ( Ceylon Cold Stores)
Melstacorp (MELS) EmptyThu Oct 24, 2019 5:57 pm by dhanurrox

» RENUKA AGRI FOODS PLC ( RAL.N0000 )
Melstacorp (MELS) EmptyThu Oct 24, 2019 10:13 am by lanka

» Forex Trading කළොත් නඩු
Melstacorp (MELS) EmptyWed Oct 23, 2019 11:09 am by nihal123

» East West properties
Melstacorp (MELS) EmptyWed Oct 23, 2019 7:00 am by slstock

» Food and Beverages
Melstacorp (MELS) EmptyMon Oct 21, 2019 7:54 am by කිත්සිරි ද සිල්වා

» Devolution of power, civil wars, altruism, nepotism in animal world
Melstacorp (MELS) EmptyFri Oct 18, 2019 10:15 pm by Backstage

» RCL - Royal Ceramics
Melstacorp (MELS) EmptyMon Oct 14, 2019 12:47 pm by seek

» Performance of the Market-Weekly
Melstacorp (MELS) EmptySat Oct 12, 2019 4:29 am by ruwan326

» Confidence to boom after election – CBSL Governor
Melstacorp (MELS) EmptyFri Oct 11, 2019 4:09 pm by Backstage

» Sri Lanka among top 20 rising stars of world trade
Melstacorp (MELS) EmptyFri Oct 11, 2019 4:08 pm by Backstage

» CLND Not to miss
Melstacorp (MELS) EmptyThu Oct 10, 2019 9:24 am by ruwan326

» අපි නොදන්න ගීතයක කතාව
Melstacorp (MELS) EmptyFri Oct 04, 2019 11:55 am by nuwanmja

» මූඩීස් ප්‍රකාශය පිළිගන්න බැහැ – මහ බැංකුව කියයි
Melstacorp (MELS) EmptyWed Oct 02, 2019 6:46 am by nihal123

» ආර්ථික වර්ධනය 2.7% ට බසී
Melstacorp (MELS) EmptyTue Oct 01, 2019 1:29 pm by nihal123

» Ranil agrees to give Sajith candidacy - AdaDetana
Melstacorp (MELS) EmptyThu Sep 26, 2019 5:05 pm by mymoney

» Cracks in the Real Estate Sector
Melstacorp (MELS) EmptyThu Sep 26, 2019 2:44 pm by chutiputha

» Films - To Watch List
Melstacorp (MELS) EmptyFri Sep 20, 2019 8:38 am by Topcat

» ෆිනෑන්ස් බලපත්‍රය අවලංගුයි. අද සිට මුදල් ව්‍යාපාර බැහැ
Melstacorp (MELS) EmptyFri Sep 20, 2019 7:53 am by serene

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Melstacorp (MELS) EmptyThu Sep 19, 2019 4:33 pm by nuwanmja

» Easter Sunday Attack and Sri Lanka
Melstacorp (MELS) EmptyThu Sep 19, 2019 12:49 pm by Ethical Trader

» Trading Journal
Melstacorp (MELS) EmptyWed Sep 18, 2019 9:01 am by CK

» කැසිනෝ ව්‍යාපාරික රවී විජේරත්න, අර්බුදයට පත් MTD Walkers මිල දී ගැනීමට සැරසෙයි
Melstacorp (MELS) EmptyMon Sep 09, 2019 7:47 pm by nihal123

» Happy Birthday
Melstacorp (MELS) EmptyMon Sep 09, 2019 10:54 am by nuwanmja

»  Rajgama Heroes !
Melstacorp (MELS) EmptySat Sep 07, 2019 10:24 am by කිත්සිරි ද සිල්වා

» Yahoo mail
Melstacorp (MELS) EmptyFri Sep 06, 2019 5:38 pm by Rana

» Thread for News on International Markets
Melstacorp (MELS) EmptyFri Sep 06, 2019 9:50 am by The Invisible

» JINS.N0000 ( Janashakthi Insurance PLC)
Melstacorp (MELS) EmptyFri Sep 06, 2019 9:47 am by The Invisible

» Browns Investments update
Melstacorp (MELS) EmptyFri Sep 06, 2019 6:00 am by sanjulanka

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Melstacorp (MELS)

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Melstacorp (MELS) Empty Melstacorp (MELS)

Post by The Invisible on Sun Aug 18, 2019 8:33 pm

ECONOMYNEXT - Profits at Sri Lanka's Melstacorp PLC rose 50 percent from a year earlier to 1.2 billion rupees in the June 2019 quarter from a year ago due to a sharp decrease in distribution costs and other expenses, interim accounts showed.
The diversified holdings company reported earnings of 1.02 rupees a share in the quarter.
Melstacorp was trading a rupee up at 45.00 rupees a share on Friday.
During the quarter, net revenue grew 11.84 percent from a year earlier to 23 billion rupees, cost of sales grew 15.25 percent to 15 billion rupees leading to a narrow 5.83 percent rise in gross profits to 7.9 billion rupees.
Other operating income gained 39.71 percent to 370 million rupees.
Distribution costs fell 25.93 percent to 370 million rupees and other operating expenses were down 50.36 percent to 11.9 million rupees.
Net finance cost rose 55 percent to 884 million rupees.
Losses from valuation of financial assets grew 102.05 percent to nearly 3 billion rupees.
The beverages segment which includes listed Distilleries Company of Sri Lanka reported a 77.5 percent growth in profits from a year earlier to 2.9 billion rupees in the June quarter with a marginal revenue growth of 3.2 percent to 21 billion rupees.
Plantations reported a 116-million-rupee loss in the quarter, down 189 percent from a profit of 40 million rupees a year earlier.
Losses from telecommunications which includes voice and broadband services provider Lanka Bell fell 14 percent from a year earlier to 372 million rupees with revenue declining marginally 7 percent to 708 million rupees.
Profits from financial services, which includes Continental Insurance, grew 25.5 percent to 110 million rupees as revenues surged 90 percent from a year earlier to 1.4 billion rupees.
Earnings from diversified businesses fell 88.8 percent to 68 million rupees with a marginal increase in revenue to 12.8 billion rupees in the quarter from 10.9 billion rupees a year earlier. This segment includes listed diversified holdings company Aitken Spence, automobile servicing, a BPO, media and textiles dying and printing facility.
(COLOMBO 16 August 2019)
The Invisible
The Invisible

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