Earnings Results for the Fourth Quarter and Full Year End

Panasian Power PLC Announces Executive Changes
April 3, 2017
Mr. Senthilverl Senthia Nandhanan as Non-Executive Director
June 5, 2017

Earnings Results for the Fourth Quarter and Full Year End

Panasian Power PLC Reports Group and Company Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2017

Panasian Power PLC reported group and company earnings results for the fourth quarter and full year ended March 31, 2017. For the quarter, the group reported revenue of LKR 58,868,759, operating profit of LKR 32,926,472, profit before taxation of LKR 9,280,873, profit of LKR 9,280,873, profit attributable to owners of the parent was LKR 6,997,480 or LKR 0.02 per share against revenue of LKR 58,256,664, operating profit of LKR 36,301,454, profit before taxation of LKR 23,401,919, profit of LKR 17,181,367, profit attributable to owners of the parent was LKR 17,398,788 or LKR 0.03 per share a year ago. For the quarter, the company reported revenue of LKR 3,707,838, operating loss of LKR 7,661,642, loss before taxation of LKR 31,005,743, loss of LKR 31,005,743, loss attributable to owners of the parent was LKR 31,304,891 or LKR 0.06 per share against revenue of LKR 21,703,216, operating profit of LKR 10,802,520, loss before taxation of LKR 2,633,010, loss of LKR 5,615,300, loss attributable to owners of the parent was LKR 5,728,439 or LKR 0.01 per share a year ago. For the year, the group reported revenue of LKR 204,567,314, operating profit of LKR 117,048,649, profit before taxation of LKR 38,494,664, profit of LKR 34,662,510, profit attributable to owners of the parent was LKR 33,053,378 or LKR 0.07 per share against revenue of LKR 287,187,421, operating profit of LKR 200,167,063, profit before taxation of LKR 150,127,381, profit of LKR 134,907,185, profit attributable to owners of the parent was LKR 135,406,296 or LKR 0.27 per share a year ago. Net cash flow from operating activities was LKR 45,988,977 against LKR 174,248,533 a year ago. Purchase of property, plant and equipment was LKR 202,875,743 against LKR 15,519,011 a year ago. For the year, the company reported revenue of LKR 125,395,386, operating profit of LKR 80,433,890, profit before taxation of LKR 661,163, loss of LKR 1,860,338, loss attributable to owners of the parent was LKR 2,159,486 or LKR 0.00 per share against revenue of LKR 166,548,590, operating profit of LKR 149,064,322, profit before taxation of LKR 97,441,985, profit of LKR 93,691,485, profit attributable to owners of the parent was LKR 93,804,624 or LKR 0.19 per share a year ago. Net cash flow used in operating activities of LKR 32,152,736 against net cash flow from operating activities of LKR 47,719,889 a year ago. Purchase of property, plant and equipment was LKR 2,350,157 against LKR 6,304,160 a year ago.