United Motors Lanka plc Announces Unaudited Group and Company Earnings Results for the Fourth Quarter and Year Ended March 31, 2021
May 23, 2021
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United Motors Lanka PLC announced unaudited group and company earnings results for the fourth quarter and year ended March 31, 2021. For the quarter, the group reported revenue from contracts with customers of LKR 4,003,361 against LKR 1,771,243 for the same period a year ago. Profit from operating activities was LKR 194,069 against loss of LKR 193,348 for the same period a year ago. Profit was LKR 255,165 against loss of LKR 145,501 for the same period a year ago. Basic earnings per share were LKR 2.53 against loss of LKR 1.44 for the same period a year ago.
For the quarter, the company reported revenue from contracts with customers of LKR 1,469,953 against LKR 964,128 for the same period a year ago. Profit from operating activities was LKR 266,889 against loss of LKR 48,084 for the same period a year ago. Profit was LKR 375,581 against LKR 30,376 for the same period a year ago. Basic earnings per share were LKR 3.72 against LKR 0.30 for the same period a year ago.
For the year, the group reported revenue from contracts with customers of LKR 13,537,657 against LKR 9,845,621 for the same period a year ago. Profit from operating activities was LKR 786,397 against loss of LKR 76,808 for the same period a year ago. Profit was LKR 503,675 against loss of LKR 409,675 for the same period a year ago. Basic earnings per share were LKR 4.99 against loss of LKR 4.06 for the same period a year ago.
For the year, the company reported revenue from contracts with customers of LKR 7,187,553 against LKR 5,752,104 for the same period a year ago. Profit from operating activities was LKR 844,034 against LKR 238,574 for the same period a year ago. Profit was LKR 766,639 against LKR 117,327 for the same period a year ago. Basic earnings per share were LKR 7.60 against LKR 1.16 for the same period a year ago.
United Motors Lanka PLC is a Sri Lanka-based automobile company. Its segments include Spare parts and workshop, Vehicles, Equipment and machinery, 3D Printers and services, Tyres, Lubricants and car care products and Trailers. Spare parts and workshop segment is engaged in the repair and service of vehicles, machinery and equipment, sale of vehicle spare parts, accessories and related components. Vehicles segment is engaged in the sale of passenger vehicles, commercial vehicles, special purpose vehicles, pre-owned passenger vehicles and commercial vehicles. Provide vehicle sales facilitation and brokering services. Equipment and machinery segment is engaged in the sale of heavy equipment, generators and machinery. 3D Printers and services segment is engaged in the sale of 3D printers, filaments, spare parts and related services. Tyres segment is engaged in the sale of tires. Lubricants and car care products segment is engaged in the sale of lubricants and car care products.