Sri Lanka Chevron lubricants unit profits up 11 pct

Chevron-Lubricants

Nov 04, 2015 (LBO) - Sri Lanka's Chevron Lubricants Lanka Plc said profits in the September quarter rose 11 percent to 834 million rupees from a year earlier despite the shrinking of oil prices locally and globally.
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Chevron Lubricants Lanka PLC carries on the business of importing, blending, distributing and marketing of lubricant oils and greases. The firm reported earnings of 6.
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96 rupees per share compared to 6.
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25 rupees per share in the same quarter last year in interim accounts filed with the Colombo Stock Exchange showed.
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In the September quarter revenues fell 3 percent to 2.
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99 billion rupees, cost of sales also fell 11 percent to 1.62 billion rupees and gross profits increased 9 percent to 1.
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37 billion rupees. Finance income of 48 million rupees, was up 90 percent a year earlier.
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