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  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success

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2018/11/21

Distilleries toasts profits despite depressed sales

Distilleries Company of Sri Lanka (DCSL) has succeeded in boosting profits thanks to a smarter raw material sourcing strategy despite the top line being impacted by unfavourable market conditions. For the quarter ended 30 September 2018, DCSL’s gross revenue was down 11% to Rs. 19.8 billion and net revenue by 5% to Rs. 6.67 billion. However, the cost of sales was lower by 17.4% to Rs. 4.18 billion. Industry and company analysts said DCSL had pursued a new strategy of sourcing raw materials, the benefit of which is being reflected in the reduction in the cost of sales. In the first half, the cost of sales was down by 19%.- DailyFt

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