Finlays Colombo said in a stock exchange filing sales remained flat at 4.6 billion rupees in the financial year ended December 31, 2010 with other income up 192 percent to 158 million rupees.
In March 2010, the group sold its stake in BASF Finlay for 118.2 million rupees which earned it a profit of about 80.8 million rupees.
The company accounts also showed sharply lower finance, administration and distribution costs for the 2010 financial year.
Annual earnings per share were 10.42 rupees against 8.85 rupees the previous year.
In the December 2010 quarter, Finlays Colombo said group net profit rose 31 percent to 85 million rupees from a year ago with sales flat at a billion rupees. EPS for the quarter were 2.41 rupees against 1.84 rupees the year before.
A segmental analysis of the annual performance showed profits from tea exports fell to 176 million rupees from 244 million rupees the year before while profit from its logistics business rose to 110 million rupees from 91 million rupees.
Profit from the group's services business fell to 209 million rupees from 215 million rupees.
source - www.lbo.lk
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