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Sri Lanka Chevron unit March net up 10-pct
06 May, 2011 18:36:28
May 06, 2011 (LBO) - Net profits at Chevron's Sri Lanka unit rose 10 percent to 413 million rupees in the March 2011 quarter from a year ago with sales up seven percent to 2.5 billion rupees, a stock exchange filing said.
Gross profit of Chevron Lubricants Lanka was flat at 759 million rupees in the quarter with base oil, the firm's main raw material to make lubricants, rising in price in recent months. Basic earnings per share were 3.44 rupees compared with 3.12 rupees the year before.
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1. Navin May 06