Corporate earnings improve

Monday, 3 March 2014 02:04 -     - {{hitsCtrl.values.hits}}

Improved domestic economic conditions have contributed to improved corporate performance during 3Q2014/4Q2013 compared to the previous quarter, according to First Capital Equities. It said corporate results released thus far saw top line growth rise by 7.0%QoQ from Rs. 283.1 b to Rs. 302.7 b on the back of increased sales. Operating profit meanwhile rose by 7.0% QoQ from Rs. 28.4 b to Rs. 30.3 b. Net profit in 3Q2014/4Q2013 improved significantly by 16.0%QoQ from Rs. 30.9 b to Rs. 35.9 b. With overall 3Q2014/4Q2013 reflecting significant bottom-line growth, many companies have announced their intention to pay dividends to shareholders.

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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.