trending Market Intelligence /marketintelligence/en/news-insights/trending/AckdXFQIkd4KO_UaIv9YQQ2 content esgSubNav
In This List

Dankotuwa Porcelain swings to profit in fiscal Q1


Points Of No Return: Loyalty Ventures Inc.’s Financial Tailspin


MediaTalk | Season 2
Ep.8 The Masters Returns

Case Study

A Sports League Maximizes Revenue from Media Rights

Case Study

A Large Latin American Multilateral Development Bank Accurately Estimates Capital Requirements

Dankotuwa Porcelain swings to profit in fiscal Q1

Dankotuwa Porcelain PLC said its normalized net income for the fiscal first quarter ended June 30 was 6 Sri Lankan cents per share, compared with a loss of 8 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.4 million rupees, compared with a loss of 5.5 million rupees in the prior-year period.

The normalized profit margin climbed to 0.7% from negative 1.5% in the year-earlier period.

Total revenue climbed 65.3% year over year to 607.0 million rupees from 367.3 million rupees, and total operating expenses climbed 54.2% from the prior-year period to 579.3 million rupees from 375.7 million rupees.

Reported net income came to 4.6 million rupees, or 6 cents per share, compared to a loss of 9.1 million rupees, or a loss of 13 cents per share, in the prior-year period.

As of Aug. 4, US$1 was equivalent to 130.22 Sri Lankan rupees.