The Distilleries Company of Sri Lanka Limited (DCSL) has posted a first quarter group profit after-tax of Rs.892.3 million, up 84% from a year earlier on a turnover that had grown 65% to Rs.6.8 billion.

At company level, the after-tax profit was up 28% to Rs.493.6 million on a turnover of Rs.2.1 billion, up 35% from the comparative period the previous year.

DCSL, one of the country’s strongest companies, had net assets of Rs.39.25 per one-rupee share as at June 30, 2006, up from Rs.26.91 a year earlier. Its issued share capital is Rs. 300 million.

During the quarter under review, the company’s share traded at a high of Rs.51 and a low of Rs.41.25.This compared to a trading range of Rs.37 to Rs.31.75 a year earlier.