UML Group recorded a profit of Rs.366 million for Q2 compared to Rs.13.5 million in Q2 for the financial year 2019/20. The recorded group revenue was Rs.4.3 billion for the quarter, up from Rs.3.06 billion in the comparable period last year. The year to-date group profit recorded was Rs.140 million compared to a loss of Rs.185 million during the comparable period, the previous year.
The second-quarter EPS was Rs.3.63 while NAV as of 30th September 2020 has risen to Rs.128.24.
Group CEO, Chanaka Yatawara said that the profit growth was driven by all-round performancefrom the increase in revenue and margins in vehicle sales, aftersales, and lubricants supported
by uninterrupted business operations. On the expenses front, there was a significant reduction in finance cost due to the improved cash position and favorable interest rates. It is noteworthy that, despite strict cost control measures undertaken across the organization, employee salaries remained unchanged.
A new train service named ‘Ella Odyssey Nanu Oya’ will commence today (10), operating from…
The Ceylon Electricity Board (CEB) is expected to decide today (10) whether power cuts will…
FitsAir, Sri Lanka’s leading low-cost airline, has announced the expansion of its Colombo-Dhaka service with…
Sigiriya has been crowned the world’s most welcoming city for 2025 by Booking.com, based on…
Four suspects, including a woman, have been arrested by Jaffna police in connection with the…
President Anura Kumara Dissanayake departed Sri Lanka for the United Arab Emirates (UAE) today (Feb.…