Sri Lanka’s IOC unit records 1.06 billion loss in March 2015

May 19, 2015 (LBO) – Lanka IOC, a unit of Indian Oil Company reported 1.06 billion rupees loss in March 2015 against 722 million rupees profit reported last year, interim accounts showed. In the year to March profits were down to 1.8 billion rupees from 4.8 billion rupees a year earlier. The firm reported negative […]

‘s Haycarb profit margins squeezed by high charcoal prices

May 19, 2015 (LBO) – Sri Lankan coconut shell-based activated carbon manufacture Haycarb’s March 2015 quarter profit after tax rose 18.33 percent to 279 million rupees from 236 million rupees last year, the interim accounts filed with the stock exchange revealed. “The increase in price of the primary raw material, coconut shell based charcoal impacted […]