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07 February, 2013 07:25 AM Source: Lanka Business Online - LBO

Profits at Sri Lanka's Dipped Products Plc, which has interests in glove making and rubber farming rose 170 percent to 407 million rupees in the December 2012 quarter from a year earlier.

The group reported earnings of 6.81 rupees per share for the quarter. For the nine months to December the group reported earnings of 17.35 rupees per share on total profits of 1.03 billion rupees, down from 1.7 billion rupees a year earlier, in interim accounts.
Last year's profits were boosted by one-off incomes.

Dipped Products stock closed at 106 rupees Wednesday, down 2.0 rupees.

The group said revenues rose 20 percent to 5.8 billion rupees in the December quarter while cost of sales rose at a slower 15 percent to 4.72 billion rupees, allowing gross profits to grow at a faster 46 percent to 1.16 billion rupees. More...

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