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LIOC posts muted 1Q as pump prices dip
Daily Mirror - Sri Lanka
|July 16, 2025
The June quarter earnings season got underway with Lanka IOC PLC (LIOC) reporting lower top and bottom-line performance for the quarter caused by the repeated cuts to fuel prices in line with the softened global oil prices.
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The company, the second largest fuel distributor next to the government owned Ceylon Petroleum Corporation (CEYPETCO) reported revenues of Rs. 62.54 billion for the April - June quarter, down 14.6 percent from the same period a year ago.
Company's share ended at Rs.133.00, down 25 cents or 0.19 percent before the earnings were released.
The cost of sales which predominantly consists of the fuel import cost fell by 13.8 percent on year to Rs. 57.74 billion.
Diese Geschichte stammt aus der July 16, 2025-Ausgabe von Daily Mirror - Sri Lanka.
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