ECONOMYNEXT – Income at Sri Lanka’s Chevron Lubricants fell 9 p.c from a 12 months in the past to 674.1 million rupees within the December 2024 quarter, the interim accounts confirmed because the income fell in comparison with the identical quarter within the earlier 12 months.
The agency reported earnings of two.81 rupees for the quarter.
The autumn within the income outpaced the autumn in price of gross sales and and improve in finance price, leading to a falling web revenue, the incomes information confirmed.
The income fell 16 p.c to 4.62 billion rupees within the quarter, in comparison with 5.53 billion.
Gross income edged down 7 p.c to 1.83 billion rupees regardless of price of gross sales falling 21 p.c to three billion.
The finance price jumped 68 p.c to 31.8 million rupees in comparison with 18.9 million within the September quarter final 12 months.
Chevron Lubricants is a subsidiary of Chevron USA engaged in mixing, importing, exporting & distribution of lubricants, greases & different specialties. (Colombo/October 30/2024)
