Related Keywords: challenges in the markets, continuing high raw material price escalations, ending of tax holiday, facing decline in Net Profit, Group recorded decline in net profit by 37 percent, Rs370 Mn for the quarter ending September, softer demand, Sri Lankan export fabric maker, Teejay Lanka Plc
Teejay Lanka Plc a Sri Lankan export fabric maker are facing decline in the Net Profit due to the challenges in the markets which saw softer demand, coupled with continuing high raw material price escalations and the ending of the tax holiday. The Group recorded decline in net profit by 37 percent to Rs370 Mn for the quarter ending 30 September 2017 against last year’s Rs590 Mn
Sales rose 16% to Rs6 billion, according to interim accounts filed with the stock exchange.
