Union Chemicals Lanka plc Reports Unaudited Earnings Results for Fourth Quarter and Year Ended December 25, 2017
January 24, 2018 at 10:12 am EST
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Union Chemicals Lanka Plc reported unaudited earnings results for fourth quarter and year ended December 25, 2017. For the quarter, the company’s revenue was LKR 184,152,000 against LKR 197,074,000 a year ago. Results from operating activities were LKR 19,992,000 against LKR 38,090,000 a year ago. Profit before tax was LKR 21,300,000 against LKR 41,008,000 a year ago. Profit for the period was LKR 14,528,000 or LKR 9.69 per share against LKR 25,519,000 or LKR 17.01 per share a year ago.
For the year, the company’s revenue was LKR 700,396,000 against LKR 761,242,000 a year ago. Results from operating activities were LKR 67,561,000 against LKR 134,919,000 a year ago. Profit before tax was LKR 72,099,000 against LKR 135,404,000 a year ago. Profit for the period was LKR 50,227,000 or LKR 33.48 per share against LKR 96,743,000 or LKR 64.50 per share a year ago. Net cash flows from operating activities were LKR 16,200,000 against LKR 136,767,000 a year ago. Purchase & construction of property, plant and equipment was LKR 23,580,000 against LKR 52,047,000 a year ago.
Union Chemicals Lanka PLC is a Sri Lanka-based chemicals manufacturing and trading company. The Company is engaged in manufacturing and trading of waterborne polymer, adessive, coating and industrial chemicals. It also manufactures and markets a range of polyvinyl and acrylic emulsions for the paint and textile industries in Sri Lanka, and for industrial and domestic use as adhesives, as well as it indents, imports, and markets a range of products, such as specialties solvents, polyolefins, coating resins, surfactants, and personal care products. Its products include binders for emulsion paints, paint additives, alkyd resins, solvents and surfactants, pigments, silicone products and wood coatings. Its adhesive products include R160M, SL5112A, R160S, SL160L, A2017L, A2017R and A4020D, and others. Its other products include monoethanolamine and ethylenediaminetetraacetic acid. It supplies chemical products to paints, inks, packaging, detergents, and pharmaceutical industries.