Profit and Income Trends:
Net Profit: The company has earned a net profit of Rs 619.1 million in the third quarter of the current FY. The net profit increased by 54.59 percent compared to Rs 400.5 million of the corresponding period of the last FY.
Operating Income: The company's total sales income has declined. In the third quarter of the current FY, the income has decreased to Rs 4.95 billion from Rs 5.39 billion of the review period of the last FY.
Cost control: Even though income has decreased, reductions in sales costs and other administrative expenses have played a major role in increasing profits.
Key Financial Indicators
Assets and Liabilities:
The total assets of the company have increased to Rs 13.08 billion. This includes current assets of Rs 4.27 billion and fixed assets of Rs 8.81 billion. The financial risk can be analysed as the long-term debt burden of the company is very low.
Market Reaction and Future: Although the low demand for cement has affected revenues, the company has been able to maintain profitability by reducing its operating expenses. The company's profit is expected to increase further if the demand for cement increases and development works pick up pace in the coming days.
