Significant increase in LIOC’s net profits

 

The Lanka Indian Oil Company (LIOC) has reported a significant jump in net profits in the three months that ended on September 30. 

The net profits increased 43 times to 12.3 billion rupees, compared to the 281 million rupees reported in the same quarter last year. 

Revenue for the September quarter jumped 327 percent to 87.9 billion rupees from a year earlier. Its finance income in the September quarter increased to 548 million rupees, up 61.7 percent from a year earlier.