Feb 17, 2012 (LBO) - Sri Lanka's Tokyo Cement (Lanka) Plc said net profits for the December 2011 quarter rose 43 percent to 275 million rupees from a year earlier with revenues up 39 percent to 5.7 billion rupees.
The group reported earnings of 2.79 rupees per share for the quarter. In the nine months to December the group reported earnings of 2.79 rupees per share on profits of 848 million rupees, up 17 percent, interim accounts filed with the Colombo Stock Exchange showed.
The stock closed up 90 cents at 40 rupees on Thursday.
Revenues grew 38 percent to 5.7 billion rupees, cost of sales rose at a faster 44 percent but the firm grew gross profits at a slower 17 percent.
Finance cost fell 19 percent to 115 million rupees but income tax rose 36 percent to 253 million rupees.
Tokyo Cement has grinding plants in Trincomalee in the northwest of Sri Lanka and a packing plan in the capital Colombo.