trending Market Intelligence /marketintelligence/en/news-insights/trending/qdGe_zeC5VxlsLCUBjQzDw2 content esgSubNav
In This List

Ceylon Leather Products fiscal Q2 profit falls YOY

Blog

TCFD Reporting in Singapore

Blog

Plant upgrades and extensions drive 2025 cable capex forecast

Podcast

Next in Tech | Episode 47: Transformation is transforming technology services

Podcast

Next in Tech | Episode 46: Payments evolution in digital


Ceylon Leather Products fiscal Q2 profit falls YOY

Ceylon Leather Products PLC said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 69 Sri Lankan cents per share, a decrease of 67.2% from 2.10 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 23.6 million rupees, a decrease of 67.2% from 72.0 million rupees in the prior-year period.

The normalized profit margin dropped to 1.2% from 3.9% in the year-earlier period.

Total revenue grew year over year to 1.90 billion rupees from 1.85 billion rupees, and total operating expenses grew 8.4% on an annual basis to 1.82 billion rupees from 1.68 billion rupees.

Reported net income fell 78.3% from the prior-year period to 20.5 million rupees, or 60 cents per share, from 94.3 million rupees, or 2.76 rupees per share.

As of Nov. 6, US$1 was equivalent to 141.62 Sri Lankan rupees.