Chevron Lubricants Lanka PLC has marginally grown revenue one percent to Rs.4.4 billion in the first half of the current financial year ended June 30, 2009 while its profit after-tax was up a marginal two percent to Rs.632.2 million translating to an earnings per share of Rs.10.54, up from Rs.10.37 a year earlier.
In the second quarter sales were up 2% to Rs.2.1 billion while the after-tax profit had grown 45% to Rs.399.3 million, an interim financial statement now with shareholders indicated.
Chevron had seen administrative expenses up 3% to Rs.164.7 million while distribution costs were up 23% to Rs.275.3 million during the half year.
The company has a stated capital of Rs.600 million and retained earnings of nearly Rs.2 billion in its books.
Net assets per share were up to Rs.32.89 from Rs.25.86 a year earlier and the Chevron share traded at a high of Rs.124.25 and a low of Rs.105.50 during the second quarter of the current financial year. This compared to a trading range of Rs.101 to Rs.100 a year earlier.
In the year ended December 31, 2008, Chevron traded at a high of Rs.118.25 and a low of Rs.81.95.
Chevron Ceylon Limited with 51% of the company and the Life Fund of the Insurance Corporation with 9.63% are the biggest shareholders of the company where there is a public holding of 49%.