Dilmah Ceylon Tea Company Plc Announces Audited Group and Company Earnings Results for the Full Year Ended March 31, 2018; Provides Sales Guidance for the First Quarter Fiscal 2019 and Earnings Guidance for Fiscal Year 2019
For the year, the company reported revenues of LKR 9,177,758,000 against LKR 7,288,357,000 a year ago. Profit before tax was LKR 1,270,098,000 against LKR 964,166,000 a year ago. Profit for the year was LKR 1,192,879,000 against LKR 827,502,000 a year ago. Net cash from operating activities was LKR 637,266,000 against LKR 852,561,000 a year ago. Acquisition of property, plant & equipment was LKR 672,340,000 against LKR 618,395,000 a year ago. Acquisition of intangible assets was LKR 39,458,000 against LKR 100,338,000 a year ago.
The company is confident of reporting satisfactory results in the year 2018/2019 despite significant losses from the Australian business.
For the first quarter 2019, the company sales are as expected and the company believes the trend will continue.