Financial Times

Dankotuwa Porcelain posts loss in 3Q09

Dankotuwa Porcelain Ltd (DPL) recorded a net loss of Rs.19 million for the quarter ended 30 September 2009 compared to a net profit of Rs.5.6 million for the corresponding period in 2008.

According to the company’s financial statements, turnover decreased for the period under review to Rs.308 million from Rs.421 million last year while other operating income also decreased to Rs.670,000 from Rs.4.1 million last year.

The company’s operating losses for the quarter ended 30 September 2009 was Rs.8 million compared to an operating profit of Rs.17 million in 2008. The financial report also states that the company’s main export markets include Colombia, Czech Republic, Dubai, Egypt, Germany Greece, Iceland, India, Italy, Japan, UK and the US amongst others.

 
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