November 24, 2014 2:15 AM ET

Auto Components

Company Overview of Kelani Tyres PLC

Company Overview

Kelani Tyres PLC manufactures, exports, and sells automobile tyres in Sri Lanka and internationally. It offers tyres for passenger cars, vans, trucks, and buses. The company was incorporated in 1990 and is based in Colombo, Sri Lanka.

203, Union Place

Colombo,  2

Sri Lanka

Founded in 1990

953 Employees

Phone:

94 11 2434183

Fax:

94 11 2300877

Key Executives for Kelani Tyres PLC

Kelani Tyres PLC does not have any Key Executives recorded.

Kelani Tyres PLC Key Developments

Kelani Tyres PLC Reports Unaudited Consolidated and Company Earnings Results for the First Quarter Ended June 30, 2014

Kelani Tyres PLC reported unaudited consolidated and company earnings results for the first quarter ended June 30, 2014. For the quarter, on consolidated basis, the company reported revenue of LKR 54,117,000 compared to LKR 48,522,000 for the same period of last year. Operating loss was LKR 4,589,000 compared to LKR 3,164,000 for the same period of last year. Loss before tax was LKR 5,837,000 compared to LKR 7,733,000 for the same period of last year. Profit for the period was LKR 141,191,000 or LKR 1.76 per share compared to LKR 148,606,000 or LKR 1.85 per share for the same period of last year. Net cash generated from operating activities was LKR 7,942,000 compared to LKR 3,309,000 for the same period of last year. For the quarter, on company basis, the company reported revenue of LKR 52,338,000 compared to LKR 46,627,000 for the same period of last year. Operating profit was LKR 197,449,000 compared to LKR 163,517,000 for the same period of last year. Profit before tax was LKR 196,528,000 compared to LKR 159,434,000 for the same period of last year. Profit for the period was LKR 196,528,000 or LKR 2.44 per share compared to LKR 159,434,000 or LKR 1.98 per share for the same period of last year. Net cash generated used in operating activities was LKR 87,636,000 compared to LKR 90,197,000 for the same period of last year.

Kelani Tyres PLC Reports Audited Consolidated and Company Earnings Results for the Year Ended March 31, 2014

Kelani Tyres PLC reported audited consolidated and company earnings results for the year ended March 31, 2014. For the year, the group reported sales of LKR 5,262,124,000 compared to LKR 4,945,027,000 for the same period of last year. Operating profit was LKR 887,311,000 compared to LKR 689,498,000 for the same period of last year. Profit before tax was LKR 844,827,000 compared to LKR 607,064,000 for the same period of last year. Profit for the year was LKR 658,781,000 or LKR 8.19 per basic share compared to LKR 447,615,000 or LKR 5.57 per basic share for the same period of last year. Net cash generated from operating activities was LKR 1,005,078,000 compared to LKR 373,857,000 reported a year ago. Purchases of property, plant and equipment was LKR 331,909,000 compared to LKR 139,929,000 reported a year ago. Net debt was LKR 50,308,000 compared to LKR 581,650,000 as at March 31, 2013. For the year, the company’s sales were LKR 364,957,000 compared to LKR 368,868,000 for the same period of last year. Operating profit was LKR 141,436,000 compared to LKR 120,766,000 for the same period of last year. Profit before tax was LKR 132,880,000 compared to LKR 113,544,000 for the same period of last year. Profit for the year was LKR 132,570,000 or LKR 1.65 per basic share compared to LKR 113,354,000 or LKR 1.41 per basic share for the same period of last year. Net cash generated from operating activities was LKR 46,006,000 compared to net cash generated used in operating activities of LKR 93,820,000 reported a year ago. Purchases of property, plant and equipment was LKR 272,000.

Kelani Tyres PLC Announces Gross Interim Dividend for the Financial Year 2014-2015, Payable on August 4, 2014

Kelani Tyres PLC announced gross interim dividend of LKR 1.85 per share for the financial year 2014-2015. The dividend is payable on August 4, 2014 and ex-date is July 23, 2014.

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