Sri Lanka Royal Ceramics Buys Paint Making Firm, Colorbrite

05th April 2011, www.lankabusinessonline.com

Sri Lankan floor tile manufacturer Royal Ceramics Lanka said it has acquired a paint making firm for 125 million rupees.

A stock exchange filing said Royal Ceramics acquired a 100 percent stake in a paint and allied product manufacturing company named Ever Paint and Chemical Industries operating under the brand name 'Colorbrite' on April 0, 2011.

Royal Ceramics expanded into sanitaryware two years ago setting up a factory under a subsidiary called Rocell Bathware.

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Sri Lanka Royal Ceramics Net Profit Goes up 48pct

24th October 2010, www.lankabusinessonline.com

Sri Lanka's Royal Ceramics has report a 48 percent rise in group profits to 224 million rupees in the September 2010 quarter from a year earlier helped by strong revenues and lower finance costs.

Revenues rose 41 percent to 1,552 million rupees in the quarter while finance charges fell 51 percent to 53.7 million rupees.

Earnings per share for the quarter was reported as 4.04 cents.

For the half year ending September the firm report profits of Rs 606.5 million up 114 percent with earnings per share of 10.95 rupees.

The stock closed at 323 rupees up 19.20 rupees Friday.