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Article: SRI LANKA'S TOKYO CEMENT SEPT NET PROFIT FALLS ON BUILDING SLOWDOWN.(Financial report)
- Article from:
- AsiaPulse News
- Article date:
- November 10, 2009
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COLOMBO, Nov 10 Asia Pulse - Sri Lanka's Tokyo Cement group said September quarter net profit fell 12 per cent to 139 million rupees (US$1.2 million) from a year ago owing to a drop in sales which however are expected to pick up.
The firm said in a stock exchange filing of interim results that sales during the quarter were flat at 4.3 billion rupees although operating profit rose by half to just over a billion rupees.
Earnings per share fell to 5.15 rupees from 5.84 rupees over the period.
The company is a joint venture between Nippon Coke & Engineering Company (formerly Mitsui Mining Co.), the largest coal-mining company in Japan, and the ...