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Nov 18, 2011 (LBO) - Sri Lanka's Colombo Dockyard said September 2011 quarter net profit fell 43 percent to 455 million rupees from a year ago as revenue from both ship building and repair came down.
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Sales of the yard, 51 percent owned by Japan's Onomichi Dockyard Company, fell 27.7 percent to 3.5 billion rupees in the period, a stock exchange filing said.
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Earnings per share fell to 6.66 rupees from 11.62 rupees the year before.

A breakdown of segment revenue provided in the accounts showed that ship repair revenue fell to 1,168 million rupees in the September 2011 quarter from 1,357 million rupees the year before.

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Revenue from ship building fell to 2,130 million rupees in the quarter from 3,257 million rupees the previous year.


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